Wedbush Securities analyst Michael Pachter says the next Xbox console might already be dead, arguing that Microsoft’s heavy focus on Xbox Game Pass and a $30 Ultimate tier has weakened the value of owning Xbox hardware. In this video, we break down what Pachter means, how his stance has shifted from earlier predictions, and what this debate says about the future of Xbox consoles, Game Pass strategy, and the wider gaming industry. Based on the Wccftech report.