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Xbox revenue from console sales rose 166 percent

BingMag.com Xbox revenue from console sales rose 166 percent

Microsoft recently released its fiscal report for the first quarter of the fiscal year, which saw significant growth in hardware revenue due to the Xbox. According to the report, which covers the three months ending September 30, 2021, Xbox hardware sales revenue increased 166 percent over the same period last year. Last year, fans were waiting for Microsoft's ninth-generation console, and sales of the Xbox One fell as a result, but now the Xbox Series X and S Series have been released, changing the hardware sales situation for Microsoft.

BingMag.com Xbox revenue from console sales rose 166 percent

And semiconductors have been a major problem for Sony and Microsoft, and despite the fact that both consoles have performed exceptionally well in terms of sales, their current inventory still does not meet the demand of fans. Xbox CEO Phil Spencer said some time ago that he expects this to continue to some extent next year.

Total gaming revenue is up 16 percent. Also, while revenue for Xbox content and services grew by 2%, we saw a decline in sales of third-party games on the Xbox, although Microsoft did not elaborate on the decline.

Although the service Gimps shares have grown over this period, but it was announced some time ago that this growth has not lived up to Microsoft's expectations and is therefore less than Microsoft had predicted in the past.

If we want By comparison, Xbox-specific content and services have grown by about 30 percent over the same quarter last year, which is much more than the 2 percent increase this year. Of course, this is normal since last year many people spent more time indoors and playing video games due to coronary conditions and social constraints.

BingMag.com Xbox revenue from console sales rose 166 percent

Looking at Microsoft's overall revenue, revenue increased by 22% over last year to $ 45.3 billion. This is primarily due to Microsoft Cloud, which grew by 36% to about $ 20.7 billion. If we want to take a closer look at the Xbox sector, Xbox revenue for the quarter was $ 13.3 billion, up 12 percent from a year earlier.

Operating profit rose 27 percent to 20 percent $ 2 billion and net income increased 48% to $ 20.5 billion. Amy Hood added during her speech that operating expenses increased by 15%, partly due to the acquisition of Xenimax last year.

Source: GameIndustry.biz

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