Seven years ago, Microsoft’s launch of its Xbox One console didn’t go smoothly. Rival Sony unveiled its PlayStation 4 for $100 less, and Microsoft’s efforts have amounted to roughly 50 million units sold, or half of PlayStation’s.
Microsoft (ticker: MSFT) appears to have learned a number of lessons from the Xbox One. It has put together a powerful new system in the $499 Xbox Series X, which I recently tested. It has largely succeeded in producing a machine designed for videogames first, stripping out unnecessary bells and…