US EditionXbox Sales Are Down Again, but Microsoft Doesn't Seem Worried
Xbox console sales dropped 29% in the summer quarter between two price hikes while content and services revenue grew 1% to $5.5 billion, Microsoft reported.
- Microsoft said Xbox hardware revenue fell 29% in the summer quarter ending on September 30, reflecting lower console volumes sold.
- On October 3, Microsoft raised the Series X console price to $599.99 and Game Pass Ultimate from $20 to $30, after a prior $20 to $70 hike in October.
- Xbox content and services brought in $5.5 billion, up 1%, while gaming revenue fell $113 million, with Microsoft saying subscription growth was partly offset by first-party content declines.
- With net income of $27.7 billion, Microsoft said Xbox remains a minor part of its business and expects hardware revenue to continue declining, despite a 29% drop in Xbox sales last year.
- Amid restructuring, Microsoft is pursuing an 'Xbox everywhere' strategy while canceling projects including Everwild, and Microsoft Cloud revenue reached $49.1 billion, up 26.
21 Articles
21 Articles
Xbox sales are down again, but Microsoft doesn't seem worried
Revenue from sales of Xbox consoles declined by nearly one-third during the three months ending September 30 compared to the same quarter last year. Amid rising prices and the presence of Microsoft games on other platforms, there is little reason to expect a reversal any time soon.Read Entire Article
Microsoft’s Xbox Console Sales Fall 29% as Gaming Content and Services Revenue Ticks Up
Microsoft reported its latest quarterly earnings results Wednesday, revealing that gaming revenue decreased $113 million (2%). The tech company attributed the decline to a nearly 30% drop in Xbox hardware sales “offset in part by growth in Xbox content and services.” Revenue from Xbox content and services, which includes Xbox’s Game Pass subscription service and […]
Microsoft has been in the console market for almost 25 years, as let’s remember that the first Xbox came out in 2001, at a time when Sony was totally dominant with its PlayStation 2 and Nintendo was suffering with its GameCube. Although it doesn’t seem so, in that generation of consoles, Microsoft beat Nintendo, something that won’t happen again. In fact, today we might consider that Microsoft has failed to sell consoles and this is something th…
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