Microsoft just published its report the company’s financial results for the second quarter of fiscal 2023. If the parent industry has a profit of 52.7 billion and a sales increase of 2%, then the net profit does not. The latter even fell by 12%
Focus on the gaming industry
So from the report we can read that Xbox hardware revenue was down 13%. This is the sale of consoles and controllers. At the same time, it also notes a 12% drop in revenue from Xbox content and services. According to Microsoft, this drop is related to “a strong year-over-year comparison,” which was “partially offset by growth in Xbox Game Pass subscriptions.” General, Microsoft game sales declined 13% year over year.
Did Microsoft lay off 10,000 employees because of these results?
If you want more information, you can follow that thread of Dom.
