Microsoft (MSFT) – Get Report announced plans to bring its cloud gaming service Xbox Cloud Gaming to Xbox consoles later this year, allowing gamers to stream games instead of installing them on their device.
Xbox Cloud Gaming will follow up the company's successful Game Pass service which allows users to download games from the library for a flat monthly fee.
Cloud gaming titles are hosted on remote servers and bypass the need for users to install the games, which take hours to download normally.
Currently, Xbox Cloud Gaming is only available on mobile devices and PC's. Earlier this year the company announced plans to develop dedicated streaming hardware that will hook up to users' televisions
TheStreet RecommendsPRESS RELEASESKuCoin Pool Brings Efficient Mining And Lower Fee To Miners Globally27 minutes agoPRESS RELEASESElectric Massager Market From Personal Products Industry To Register $ 6.38 Bn Growth During 2021-2025 | Technavio32 minutes agoPRESS RELEASESStoreDot, The Extreme Fast Charging Battery Pioneer, Announces Patent Filing To Revolutionize Charging Times And Makes The Technology Available Through Open Source To Benefit The Automotive And Battery Ecosystem32 minutes ago
“Cloud gaming is truly a breakthrough experience,” said Microsoft Chief Executive Satya Nadella. “It’s a really fast, easy way to get into gaming.”
Microsoft Buys Nuance in $20 Billion Cloud Healthcare Deal
Microsoft originally launched its Xbox cloud gaming service in September 2020 at $1 for new users' first month in a “major drive to attract casual gamers with the promise of cutting ties to the living room,” Reuters had reported. It was available to Xbox consoles, Android devices and PCs.
Shares of Microsoft were down 0.5% to $303.07 a share Tuesday at last check.
Microsoft is a holding in Jim Cramer's Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells MSFT? Learn more now.
