You can play on their platform on any laptop, any old xbox one, any mobile devices, Samsung and LG TVs, as well as being able to buy a cheap amazon kindle fire and play off that as well. On top of selling their titles on Xbox Store and Battle.net, they own some of the largest GaaS properties in the industry today.
They have the largest cloud gaming service in both users, time played, as well as global reach.
They have the largest game subscription service with the same metrics.
They make great money off selling their titles on numerous store fronts.
And despite revenue being massively decreased with the loss of hardware, Xbox has grown this quarter.
I would say that the long term outlook is that they are doing well.
People are paying more attention each month. Console gaming is getting too expensive to sustain any more growth, you're only going to see the industry contract now, I've spoken to this point repeatedly to deaf ears.