Everyone knows that tech giant Microsoft (MSFT 0.37%) didn't have a very good earnings announcement the other week. Though investors focused on the poor performances of the Surface RT and Windows 8, all eyes should be on the underappreciated gaming division. After all, the new Xbox One will be Microsoft's next big product rollout, which means the more investors learn about it now, the more they can profit later.

In this video, Motley Fool blog editor Mark Reeth dives into Microsoft's earnings to give you the scoop about what's happening within the company as the Xbox 360 fades out and the Xbox One comes into the limelight. Mark also talks about Microsoft's console competitor Sony (SONY 1.10%) and how the company looks heading toward the release of its new PS4, as well as how Nintendo's (NTDOY -0.33%) newest console can't seem to pick up steam.