Microsoft has just published the results of the first quarter of fiscal 2022 and the results can be described as very good. During the quarter that ended September 30 of this year, there was a 16% increase in total gaming revenue compared to the same period in 2020.
The bottom line is the incredible 166% increase in Xbox hardware revenue year over year. This is mainly due to the Xbox Series X / S. And all of this, remember, with a great shortage of the X Series and still unfulfilled demand. Revenue from Xbox content and services has increased. These increased by 2% compared to a comparable solid previous year (without COVID). Similarly, there is a growth in Xbox Game Pass subscriptions and proprietary titles, which partly offset the decline in third-party titles.
Record numbers and good forecasts
Microsoft CEO Satya Nadella also spoke at the regular meeting. I affirm that the games division achieved “record monetization and engagement in the first quarter”. For the quarter ending Dec.31, 2021, CFO Amy Hood said the company expects growth as well. The launch of several triple-A titles during the quarter should reinforce all of this. And this fact should also lead to an “increase in teenage income with a strong commitment to the Xbox platform”. remember that Infinite halo and Forza Horizon 5 are the strengths of Microsoft, along with other out-of-the-box third-party titles: Call of Duty: The Vanguard and Battlefield 2042. Although the goal of meeting all the demand for X-series consoles seems impossible until 2022, theRedmond’s may break sales and revenue records this quarter with the holiday season.
As we take a look at their results, stay tuned to the Xbox Zone for more details on upcoming Xbox releases, reviews, and news.
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