Microsoft stock price slips lower as Xbox Series X and Xbox Series S are launched

Microsoft Corp. (NASDAQ: MSFT) launched its two new models of Xbox today in an effort to cash in on the current gaming boom as many are still stuck at home due to the second wave of coronavirus.  Fundamental analysis: The console race heats up The new Xbox Series X, which Microsoft calls the most powerful console in the world, will be priced at $499.99, while the cheaper version Xbox Series S will retail at $299.99. The Xbox Series S has already started facing criticism for being not as powerful as Series X, which has more storage capacity, and a sophisticated