Xbox Xbox console sales hit lowest revenues since Xbox Series X/S launch

cm2

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Microsoft just announced its Q3 Fiscal Year 2023 earnings report and the results aren't so good for Xbox hardware.

According to the data provided by Microsoft, total Xbox console sales revenues are down a staggering 30% from last year. Our records indicate that Xbox consoles generated around $508 million throughout the Q3 period (January - March 2023). This is the lowest point since the launch of the Xbox Series line of consoles during Microsoft's Q2 FY21 period.

"Gaming revenue decreased $133 million or 4% driven by a decline in Xbox hardware. Xbox hardware revenue decreased 30% on a strong prior year comparable, driven by lower volume of consoles sold. Xbox content and services revenue increased 3% driven by growth in Xbox Game Pass," Microsoft writes in its 10Q filing.

"Xbox hardware revenue declined 30% (down 28% CC) on a prior year comparable that benefited from increased console supply,"
 
I think people don't feel the need to have an Xbox when a PC now has everything an Xbox does after microsoft's push for the PC+Xbox exclusive games.
 
Sony is pretty much doing the same thing with ps5, with their plan on releasing ps5 exclusive games on PC too and thus as long as that rather dumb decision is in full effect I won't be getting a Ps5 as per my original plan, instead I just do this lol:

 
I feel the high price of the Xbox Series X/S is causing fewer people to buy a Xbox.

People maybe waiting for the price to drop to $300 or less before buying an Xbox Series X.
 
If you have a PC I can see why the console isn't needed. It takes up space. Even if you want Microsoft points for more money to spend at stores you can still wait and do everything from PC without ever owning any games. I'm sure a lot do those however because it can get expensive in the long run, but it really needs exclusives with effort put into them to send it all home.
 
I feel the reliability problems with the Xbox 360 in the past can cause some people to not want to buy the Xbox Series X in 2023 until the Xbox Series X is proven to not have many game console failures after many years of being sold.
 
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