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Hirun Cryer

SHOCKING: Microsoft admits xbox lost the console wars - What They Never Told You

Xbox Microsoft Activision Blizzard King Nintendo PlayStation

Xbox Series X/S

Microsoft says Xbox "lost the console wars."

Today marks the beginning of the US's Federal Trade Commission versus Microsoft case, as the latter battled the regulator to approve its attempted acquisition of Activision Blizzard King. In the process, Microsoft is keen to show Xbox is in third place, thus making it look less dominant in acquiring the company.

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