Satya Nadella, CEO of Microsoft, announced during the quarterly financial results report that Xbox has seen record numbers on Xbox subscriptions, including 90 million active subscribers per month on Xbox Live throughout the previous quarter and more than 10 million subscriptions to Xbox Game Pass, its games service for Xbox One and PC.
Nadella comments that millions of people have opted for video games as a means of connection during the social distancing of the last few months -the coronavirus crisis- and the company will continue "offering exclusive content first
"And our xCloud project now has hundreds of thousands of users in phase preview across seven countries, with eight more to be added in the coming weeks. "Amy Hood, Chief Financial Officer, notes that gaming revenue in the quarter was "better than expected" thanks to the "strong growth" of Xbox Game Pass and Minecraft. This performance is expected to continue in the current quarter -from April to June-.
Income falls by hardware
However, Other income has decreased, such as income from hardware, which falls 20% due to the price reduction, according to Microsoft. It should also be borne in mind that the current generation is preparing to take over and that the Xbox Series X will be launched at the end of the year. Overall, revenue from games has decreased by 1% compared to last year while content and services rose by 2%, again, blamed on confinement measures in many countries.
