Read from tweaktown:
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,"
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,"