The third fiscal quarter, ending 03/31/2023, was not so rosy for Microsoft. Of course, it could be better, but this should not be the case for an American company. console sales problem. Income from the sale of equipment decreased by 30% compared to the same period last year.
Analysts attribute less interest to postponing major own gamesespecially after space adventures Starfield from Bethesda. It was originally supposed to arrive in November, but even the vampire shooter didn’t make it past the last quarter. Redfall from Arkan. On the other hand, analysts note a strong drop in interest in the new generation of Xbox. despite big Christmas discountswho have been all over the world. Among other things, I gave in to the temptation to buy an Xbox Series X.
Revenue from Xbox content and services through subscriptions Game pass they grew by 3% year on year and are by far the division’s largest source of cash. In contrast, total gaming revenue was down 4% year-over-year to approximately $3.59 billion. However, this is the second-best third quarter in Xbox history.
“In the third quarter, we set records for monthly active users and monthly active devices,” boasted Satya Nadella, CEO of Microsoft. He recalled that the company is fulfilling its commitment to offering players more ways to enjoy the games they love..
“Subscription revenue reached nearly $1 billion this quarter. We also launched PC Game Pass in 40 new countries this quarter, nearly doubling the number of markets it’s available in.” Nadella continued.
“Great content remains the flywheel of our growth. Now we’ve crossed the line for our own games 500 million unique users and we’ve never been so excited about our upcoming games.” he added and mentioned that Minecraft Legends and Redfall will/will be released in Q4.
This is an interesting situation. It looks like the PlayStation 5 is even more powerful than the Xbox Series X/S.than PS4 was to Xbox One. Let’s see how things pan out in the coming quarters as Microsoft releases the expected games. Activision’s nearly $69 billion acquisition of Blizzard could confuse things.
But something’s hard to estimate because Microsoft hasn’t released sales data since the Xbox One, so we have to rely on guesswork. According to them, the Xbox Series X/S had a total of 18.5 million, while Sony said the PS5 passed the 30 million mark.
Microsoft QY 2023 3:
With the report of a 4% decline, quarterly gaming revenue was ~$3.59 billion.
Xbox now has annual sales of just over $15.4 billion.
Xbox content and services make up over $12 billion, or 78% of the total, based on my calculations.
Here are the yearly Xbox business sales over time. pic.twitter.com/Dnmeo8COVS
— Dom (@DomsPlaying) April 25, 2023
Source :Indian TV
