Xbox is weird. They offer a game pass to play (stream) xbox games onto non-xbox devices (tv, pc even I think). So if you really wanted to play xbox games, you don't necessarily need the xbox itself anymore.
I wonder if this makes sense at scale? Sure the sales of the console itself are down, but are sales of games/passes up? Is selling a subscription to a choice of games more lucrative than selling a console one time, and selling a game one time?