As usual, Microsoft has just released its quarterly results. For this final period of the 2021 financial year, the company presents a largely positive balance sheet with overall targets being exceeded. The company is showing particularly impressive financial health and everything seems to be going well on the Xbox side too!
Xbox is growing
Between April 1 and June 30, 2021, Microsoft had sales of $ 46.2 billion. Income that enables the company to generate the 168 billion sales in fiscal year 2021, 69 billion of which for the cloud alone.
On the gaming side, Xbox is also seeing an increase in sales. The last quarter ends with an 11% year-over-year increase in revenue, or $ 357 million.
- 172% increase in Xbox hardware sales
- 4% decrease in content and services, or $ 128 million
Microsoft attributes this decline in sales from the content and service area to a decline in third-party titles compared to 2020. The lockdowns due to Covid-19 actually resulted in an unusually high demand for third-party games that was above the current one. However, the company states that That decline in third-party games was offset by growing Xbox Game Pass subscriptions, as well as first-party games.
Finally, note that following these results, Satya Nadella clarified certain elements. The Microsoft CEO has particularly confirmed this Xbox Series X | S sets new sales records for the company. Positive results reinforcing the company’s commitment to the video game industry. Find the details of his remarks in our dedicated article