Microsoft Gaming and its Xbox series kick off 2022 with a record quarter. The manufacturer managed to surpass PS5 sales in the first three months.
Financial results season kicks off with Microsoft Gaming’s first report of 2022. The Redmond-based company is doing well, even very well, thanks to the Xbox series.
The Xbox Series takes over the PS5
Microsoft CEO Satya Nadella picked up the microphone to deliver some good news to shareholders. Most notably, the company has added market share for two consecutive quarters, and this first quarter of 2022 The Xbox Series was the best-selling next-gen console in the west
For the second quarter in a row, we gained market share thanks to our Xbox Series X|S consoles. And this quarter, we’re the market leader for next-gen consoles in the United States, Canada, the United Kingdom and Western Europe.
Year over year, Microsoft’s “hardware” portion, which accounts for 20% of Xbox sales, grew 14%. Revenue rose 6% to $3.74 billion. According to analyst Daniel Ahmad, the green brand is having the best quarter in its history outside of the holiday season.
The PlayStation 5 isn’t finally attracting gamers? No, but it suffers badly from its unavailability, more so than the Xbox series, which stocks more frequently, and is systematically selling out at breakneck speed. Add to that the ease of manufacturing the Series S, Microsoft’s secret weapon. Knowing that the defect is still important, it is likely that the manufacturer will continue this breakthrough.
Services are running, thanks Game Pass
Xbox Series Takes Color, But What About Services? The Software and Services division is also up 4% compared to the first quarter of 2021. The Xbox Game Pass is one of the contributors to this growth. In January, the service claimed 25 million subscribers.
Microsoft also states that more than 10 million people have tried games through cloud gaming. A key part of Xbox strategy as it announces titles specifically designed for streaming going forward.
