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Microsoft acquired Bethesda after hearing Starfield would be exclusive to PlayStation
(www.theverge.com)
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They have and had studios. They just put all their funding into milking franchises that peaked in the 360 generation.
Sony didn't gain the lead because of quantity. It was through quality and good variety, starting at the end of the PS3 lifecycle that carried into the last generation.
Microsoft should improve their ability developing quality games. Their last showcase showed maybe they have some coming.