Here’s How Xbox Is Doing Financially
I see you sat over there – you look like the kinda swell dude who wants to know how Xbox is doing is financially. Luckily for you, Microsoft have given us an update on just that.
The tech giant just recently announced the results of its latest fiscal quarter (which ended on March 31, 2017), giving us a window into the current state of its gaming arm.
Xbox is in fact a part of Microsoft’s More Personal Computing division, which suffered a revenue decline 7% thanks to slow phone sales.
Fret not though, the Xbox itself actually held its own, with an increase of 4% in gaming revenue for the quarter, reaching a tasty $1.928 billion.
Microsoft have put this increase in revenue down to the growth of Xbox Live, which enjoyed a surge of 13% in monthly active users across Xbox, PC, and mobile – 52 million up from 46 million during the same period a year ago.
Meanwhile, revenue from Xbox software and services were up 7%, though the company didn’t share a specific figure in terms of filthy cash dollar. Microsoft put this down to ‘a continued adoption of digital distribution and a strong game lineup’.
Microsoft saw an overall revenue of $22.1 billion for the quarter, with a net income of $4.8 billion. With the impending arrival of the Scorpio, one can only imagine things are about to get even better for the company.
Most Read StoriesMost Read