You have to present the notes to investors on a regular basis and this time it was Microsoft’s turn. The American company has revealed the financial results corresponding to the first quarter of fiscal year 2022. In general, they have generated $ 45.3 billion and net, 20,500 million dollars. This supposes an increase of 22% and 48%, respectively in reference to the same period of the previous fiscal year.
Regarding the Xbox division, Microsoft reports that hardware earnings are up 166% as pointed out The Verge. This figure is driven by continued demand for the Xbox Series X / S, which has been on the market for almost a year. Microsoft’s chief financial officer, Amy Hood, has revealed that the company has been “able to sell more Xbox Series X / S than expected, even with demand exceeding supply. “
Let us remember that the own Phil Spencer anticipated that the stock of both systems would remain scarce in 2022. In fact, the Intel CEO has been less hopeful warning of a shortage of components that will last until 2023.
In the videogames section, the increase was 16%, with about $ 3.6 billion during this quarter and a record for Xbox at this stage of the fiscal year. Still, Xbox content and services revenue grew by just 2%. From Microsoft they point out that there has been an increase in Xbox Game Pass subscriptions, a made certified by the company itself Recently.
However, we are still waiting for new official figures. The last time we heard from Microsoft about the current status of the service consisted of 18 million subscribers, in January 2021. Hood has indicated that the entity expects that Xbox content and services will experience a increase in its figures in the middle of the second quarter of the fiscal year. This is due to the impulse of the arrival of new works such as Forza Horizon 5 O Halo Infinite.
