I'm sorry, but Xbox hasn't been competition since mid-360 era. They are actually to blame for paid online and other shitty practices, which their fanbase took without hesitation, giving Sony (and later Nintendo) the idea and possibility to do the same.
The PC and GaaS initiative is another page they copied from the failed Xbox strategy, and will lead them in the same position long-term.
Their is still healthy and actually "good" competition, Nintendo, but somehow people seem to think they aren't relevant....