Xbox Gaming Revenue Down 7 Percent Year-on-Year, Hardware Down 33 Percent
Microsoft's gaming division, operating as Xbox, reported a 7 percent year-on-year revenue decrease, with hardware sales plummeting by 33 percent. Content and services revenue also saw a 5 percent decline, attributed partly to a strong prior year with major first-party releases. New CEO Asha Sharma discussed focusing on performance and affordability for future hardware, acknowledging potential impacts from global memory shortages on next-generation console pricing and availability.
- Entities
- Company: Microsoft
- Company: Xbox
- Person: Matt Booty
- Topic: Hardware Sales
- Game: Call of Duty
- Person: Asha Sharma
- Topic: Financial Performance
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