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trunkswd said:

"Gaming revenue decreased $684 million or 13% driven by declines in Xbox content and services and Xbox hardware. Xbox content and services revenue decreased 12% on a strong prior year comparable impacted by first-party game launches, driven by declines in first-party content and a lower rate of monetization in third-party content, offset in part by growth in Xbox Game Pass subscriptions. Xbox hardware revenue decreased 13% driven by lower price and volume of consoles sold."

Makes it sound like hardware sales are down year-on-year? 

Yeah but hard to estimate because its revenue, if you sell millions with the 50$ pricecut for the S it decreases revenue but could have sold more also the $ compared to other currencies has an impact.