The video content isn't talking about the current market or the past, but how Steam Deck is the biggest threat to Xbox in the future. Xbox has a lot of potential. The leadership changed (which is addressed in this video too). When Microsoft was at its worse, Steve Ballmer was the boss of Microsoft and Don Mattrick was ruining Xbox in the ground with XBox One. Now we have Satya Nadella and have Spencer, who did bring back the Xbox brand and seem to understand their stuff better.