Spencer said that Microsoft would be making money through selling games.
"From a developer's standpoint, Xbox One X is the most developer-friendly console we have ever worked with".
We were following social media trends during the Xbox E3 briefing, and it was clear that some didn't like name "Xbox One X", instead expecting Xbox Scorpio, while others just didn't like it continuing to contain "One".
The Switch owners are extremely emotional about their new video game console they can take everywhere.
What do you think about these statements of Phil Spencer? And will it benefit, hinder, or have no effect on the PC market?
Since Microsoft fully unveiled the Xbox One X at E3 2017 with a $500 price tag, gamers have been debating whether "the world's most powerful console" is worth buying before it launches on November 7.
Xbox One S was key to letting Microsoft reach for "full 4K" power with the Xbox One X.
Yet despite the $500 price tag in the US, Microsoft has already confirmed that it is making absolutely no profit on each console sold.
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Spencer pointed out that games have always made money for console manufacturers rather than the hardware itself.
By comparison, the PlayStation 4 Pro can be purchased for £100 less than this in the United Kingdom, with the console available at £349 on Amazon.co.uk. and the most basic version of the Nintendo Switch is more affordable still, with Amazon stocking this at £279 in the UK.
This all comes at a cost though, with the Xbox One X priced at 449.99 in the UK, and $500 in the United States.
While the power of the Xbox One X could lead to exclusive titles that only the console can support in the future, there is now no game that will attract customers away from the console's rivals.
This shouldn't come as a surprise because Achievements support were added in the Xbox 360 era, it was not present in original Xbox games.
According to Mike Ybarra, Xbox's Corporate Vice President, that value proposition of Xbox One X is great given all its features.
Paul Bettner of Super Lucky's Tale developer Playful has commented further on the Xbox One X devkit that's been released to provide a better platform for developers.
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