As usual, at each quarterly financial close, Microsoft organizes the well-known meeting between investors to show the economic results for the third quarter of this year 2022/2023, which, according to what they indicate from The edgeit’s been bad for Xbox hardware sales i.e. Xbox Series X | S.
Of course, before continuing, these comments should be clarified, because we will surely see the occasional headline that says “losses” and of course there are no losses, but a reduction in profits compared to the same quarter of 2022 , which was more powerful and didn’t have as many price cuts. Regarding this one, Xbox hardware brought in 30% less4% less game sales were generated, but +3% on Xbox services and contentthat is, what is related to Xbox Live Gold and Xbox Game Pass.
Microsoft’s results for the third quarter of 2023 are out:
🎮 Xbox hardware revenue down 30%
📷 Gaming revenue down 4%, Xbox content and services up 3%
🖥️ Windows OEM revenue down 28% and devices down 30%All the details here: https://t.co/B3F63fH6bG
—Tom Warren (@tomwarren) April 25, 2023
Xbox is slowing down this new year, but the cloud is rising dramatically
Another section where it falls critically, also by 30%, is in the sale of Surface-like devices, which is also understandable, since as such Windows sales also fall by 28%. However, the cloud is reinforced by this period of intense work between January and March 2023, outside holiday periods, with an increase in work, which was an increase of 17% for cloud services and 27% for Azure.
In general, adding up all the divisions, Microsoft has increased its profits by 7%, so it continues to increase in the crisis of technology companies which this year has led to mass layoffs in practically all of them, such as Meta, Amazon or itself . Microsoft and whose results in 2021-2022 were significantly better.
