Microsoft's Xbox Gaming Revenues Fell 11% Last Quarter
Microsoft on Midweek announced its financial results for the quarter concluded Dec 31, 2019, revealing higher revenues and operating income as compared to the respective period of the previous financial year. According to the company, its revenues were up 14 per centum, hitting $36.nine billion, while operating income came in 35 percent higher, at $13.9 billion. Cyberspace income was upward well-nigh 40 per centum, coming in at $xi.6 billion.
As with recent quarters, Azure remained the single biggest growth engine, with the company reporting a massive 62 percent jump in revenues over last twelvemonth. Overall cloud services revenue also followed a steady growth trajectory, with the company's so-chosen 'Intelligent Cloud' services reporting revenues of $11.9 billion, a fasten of 27 percent. Revenues from Surface devices and Bing also increased vi percent each, while Windows and Function products also registered double digit growth.
The major disappointment was in the gaming department, with the company reporting a sharp 11 percent decrease in Xbox content and services revenue. While some of the declining sales, no doubt, can exist attributed to the side by side-gen Xbox consoles that are expected to be launched this twelvemonth, it would still be a crusade for concern for Microsoft, given that it has spend then much resources on competing against Sony and its PlayStation eco-system over the past few years.
Unfortunately for Microsoft, things will only get worse on that front before getting ameliorate, with the visitor'southward CFO, Amy Hood, claiming that gaming revenues during the current quarter volition also reject by 'low double digits', partly because of 'lower transaction volume on a third-party title'. Information technology will exist interesting to see if Microsoft's efforts at establishing its Xbox Game Pass will pay off in the coming months, maybe offsetting some of the declining revenues from Xbox sales.
Source: https://beebom.com/microsoft-xbox-gaming-revenue/
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