VentureBeat: Microsoft’s Xbox and gaming sales decline 9%

[barneystinson69]

GribbleGrunger said:

Perhaps announcing the Scorpio and putting all their exclusives on the PC has something to do with this:

 

Microsoft’s gaming division is in a slump, and it’s hoping to claw its way out with new hardware coming in August.

Xbox and gaming revenue for Microsoft decreased $152 million during its fiscal fourth quarter. That’s a 9 percent year-over-year decline for the three-month period from April through June. Microsoft points to a decline in consoles sold and a lower average price for the Xbox One as the big reason. That includes some declines for the aging Xbox 360, but the Xbox One is the biggest factor for Microsoft at this time. Console gaming a huge part of the $99.6 billion worldwide gaming industry, but Microsoft is looking to take it on by also combining that segment with its PC-gaming efforts. The company is also planning to launch the slimmer Xbox One S starting at $300 early next month after announcing it in mid-June.

Across all of its businesses, Microsoft was down 4 percent year-over-year, and it points to Xbox One as one of the reasons for that decline.

http://venturebeat.com/2016/07/19/microsofts-xbox-and-gaming-sales-decline-9-on-eve-of-xbox-one-s-release/

Or maybe its because the slim is coming in August? Or maybe because the 360 is discontinued, and the XB1 was priced lower.