Maybe they're learning from Sony. That barely anyone runs out to get another console for exclusives, way more people will wait or just not play the game. They're mostly just leaving money on the table
I think they just finally learned XBOX isnt the big seller this generation, Playstation is the market leader for at least 2 generations because of their amazing first party games. Microsoft hasn’t had as good of a lineup for exclusive games, especially since they are already available on PC. See Halo Infinite and Starfield. There’s too many playstation users not to release games on that platform.
It feels like despite all that, Microsoft has had a lot more influence on the gaming industry the last 5 years than Sony because of their Game Pass push. Sony is fine doing what they've been doing, which is to put out like 3 great games a year.
Microsoft has struggled with great first-party games, but their services are far more interesting.
Nintendo has a category of its own. Which again also has a strong exclusives library. Switch users that own one of the more powerful consoles also go for playstation. 50 million PS5 vs 26 million XBOX Series consoles as of Nov 2023 vs 132 million Switches that has been out longer.
Nintendo actually try something new with their consoles too, so that's at least good.
Everyone should be moving to PC though, you actually have freedom there. I think Steam machines would do pretty good if they came out now.