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Xbox will likely undergo studio shutdowns and consider ad-supported subscription models following newly-installed CEO Asha Sharma's blunt warning that a corporate "reset" was now necessary, gaming analysts have told IGN. Sharma's memo to Xbox employees, subsequently published publicly online, painted an unflinching portrait of the problems facing Microsoft's gaming division — and made it clear that difficult decisions were now necessary in the coming days.

With the PS5 Pro to hit $899.99 next week, we’re within touching distance of four figure consoles, a price point previously thought unthinkable. While you don’t necessarily need Sony’s supercharged system to enjoy the PS5, the cheapest model will cost $599.99 – a $200 increase compared to its launch price. So what does this all mean for the PS6, rumoured to release in 2027?