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RUMOR: 'The Future of Xbox is Software Publishing' as Next Console Generation Faces Doubts
(insider-gaming.com)
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It's not possible to continue releasing ever-more powerful hardware every few years, while remaining affordable. Xbox Series X and S are still relatively expensive 5 years after release. Their price is apparently higher than before, possibly due to inflation.
Hopefully they consider doing a refresh of series X / S, with slightly more efficient hadware but similar computing power. Adding more compute has diminushing return on game quality anyway. And there's probably room to fit more without changing storage/compute by optimizing games and software.
It's probably a harder sell marketing wise to release new hardware with the same capacity. So they'd have to innovante another way.