TLDR
- Microsoft’s latest quarterly report shows that sales of Xbox consoles have fallen by 30 percent compared to last year.
- The company expects more declines, despite rumors of an upgraded edition of the Xbox Series X/S.
- Even with the decline in console sales, Microsoft’s gaming division has seen a 51 percent increase in total revenue compared to last year, thanks in large part to the acquisition of Activision Blizzard.
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This week, Microsoft presented its latest quarterly report. There it emerges that sales of Xbox consoles have declined sharply, compared to the same period last year.
In the presentation to investors, CFO Amy Hood said that revenue from the sale of Xbox hardware fell by as much as 30 percent. This follows a similar fall the previous year. Microsoft also expects more declines, despite rumors of an upgraded edition of the Xbox Series X/S.
Weak sales figures for Xbox were a hot topic during this year’s Game Developers Conference, where several publishers are said to have asked questions about further support for the consoles. Microsoft has also started releasing previously exclusive games, such as Sea of Thieves, Pentiment and Grounded, on other platforms.
However, Microsoft has no immediate plans to abandon its hardware venture. The company is in full swing with its next Xbox, which will deliver “the biggest technical leap you’ve ever seen in a console generation”.
Despite the decline on the console front, the games department at Microsoft is making strong progress. Overall, turnover has risen by 51 per cent compared to last year. Revenue from the sale of games and services rose 62 per cent.
According to Hood, the purchase of Activision Blizzard has made a big impact here, and the company expects that the curve will continue to climb in the coming year.
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