

Ehhh…that’s their market capitalization, not their cash on hand.
The market capitalization is just what the company is worth, based on what investors are currently willing to pay for ownership of shares in the company.
EDIT: Here’s Microsoft’s cash on hand:
https://www.macrotrends.net/stocks/charts/MSFT/microsoft/cash-on-hand
Looks like about $100 billion.















The console market is also cyclical. Like, when a new console is released, that’s a huge impact that doesn’t really have an analog in the PC video gaming world (or the mobile world, for that matter).
It looks like both the Xbox Series X and S and the PS5 came out in North America right around the beginning of that surge:
https://en.wikipedia.org/wiki/PlayStation_5
https://en.wikipedia.org/wiki/Xbox_Series_X_and_Series_S