Thats why Microsoft are betting big and are currently with their hands tied with ABK. You can't win mindshare and marketshare without being aggressive when you're behind.
But yeah thats 2.5 years, coming off a fairly poor generation prior (Xbox One). If they didn't focus so hard on aquiring publishers and IP's and tried like they did in the 360 era we could've seen some big competition from Xbox, this generation. I mean they had 10's of billions of dollars to splash out which could've gone towards explanding their own teams and third party games. Instead, they pulled their wallet out. Easier to buy off big exclusives permanently with Bethesda games and ABK titles I guess. And then hope that pay dividends in gradually peeling people away from PS when you control CoD among other strong IP's. I mean going by this year, without Bethesda.. XGS's output would be quite barren.
Its a pretty gross move imo but capitalism and all that.
Bethesda and especially activision-blizzard(lets not forget blizzard part, at least to me and many other blizzard games fans its much more important, cod is nice but i play only sp campain, and on pc so 6-8h and now not even every year since some years they decide to not put in campaign mode anymore ;p) its still melody of the future, that could potentially work for steady game output into next gen so ps6/xbox series next or w/e ms decides to name it, around 2027-2030 depending if we get midgen console upgrades(if yes they can ride current gen to 2030 if no midgen by 2024-2025 latest we can be sure gen ends by 2027).
But im talking current gen aka years 2020-2023, so far xbox exclusive games are very barren(not talking about quality, coz we all know that if some1 is into a genre/likes particular game- even measly 60-70 metacritic score game can be pretty amazing to play( im like that here too, jrpg with score below 60 on meta like this one
https://www.metacritic.com/game/playstation-4/star-ocean-integrity-and-faithlessness was easily 9/10 game to me and i happily put 120h+ into it, having tons of enjoyment) and exactly opposite example- if some1 isnt into driving games even forza or gran turismo games(talking about series as a whole) will feel boring despite proven high quality and universal acclaim(i love racing games but saw many ppl disclaim that genre- "doesnt count, coz its only racing game" ).
Overall actual output of AAA or at least AA games(here amazing example without a doubt is hi-fi rush, it even doesnt feel like xbox game coz no shitty gaas, actuall high quality gameplay/tons of fun and game has a soul, shinji mikami's dev studio, nuff said, we all know talent defends itself- xbox needs more of those.