Switch Sales Top 120M, PS5 Sales Top 30M - Worldwide Hardware Estimates for Dec 18-24

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Link to the VGChartz article here.

Xbox Gaming and Hardware Revenue Drops 13% in December Quarter, Xbox Game Pass Sees Growth

Microsoft has released its earnings report for the second quarter of the 2023 fiscal year, which ended up December 31, 2022.

Xbox gaming revenue declined 13 percent year-on-year from $5.44 billion to $4.76 billion. 

Xbox Content & Services revenue decreased 12 percent. This was due to a "a strong prior year comparable" with a decline in first-party content and lower monetization in third-party content. This was "partially offset by growth in Xbox Game Pass subscriptions.

Xbox hardware revenue decreased 13 percent year-on-year. This was driven by "lower price and volume of consoles sold."

Overall, Microsoft reported revenue up two percent year-over-year to $52.7 billion and net income down 12 percent to $16.4 billion.

"The next major wave of computing is being born, as the Microsoft Cloud turns the world’s most advanced AI models into a new computing platform," said Microsoft CEO Satya Nadella. "We are committed to helping our customers use our platforms and tools to do more with less today and innovate for the future in the new era of AI."