Xbox console revenue fell 30 percent year-over-year this summer

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It hasn’t been a good year for Xbox so far. Microsoft has released its earnings report for the quarter ending on September 30, and it has revealed that its revenue from the Xbox hardware fell by 30 percent year-over-year. Take note that the revenue decline doesn’t reflect any dip in sales caused by the console’s data-i13n=”cpos:1;pos:1″ href=”https://www.engadget.com/gaming/xbox/microsoft-is-making-xbox-consoles-even-more-expensive-in-the-us-192443699.html” data-ylk=”slk:$20-to-$70 price hike;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas” class=”link “>$20-to-$70 price hike, since that took effect on October 3. Similarly, Microsoft only raised the price for its Game Pass Ultimate subscription data-i13n=”cpos:2;pos:1″ href=”https://www.engadget.com/microsoft-jacks-the-price-of-game-pass-ultimate-up-to-30-a-month-142441307.html” data-ylk=”slk:from $20 to $30;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas” class=”link “>from $20 to $30 in October.

Meanwhile, revenue from…



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Xbox console revenue fell 30 percent year-over-year this summer


It hasn’t been a good year for Xbox so far. Microsoft has released its earnings report for the quarter ending on September 30, and it has revealed that its revenue from the Xbox hardware fell by 30 percent year-over-year. Take note that the revenue decline doesn’t reflect any dip in sales caused by the console’s data-i13n=”cpos:1;pos:1″ href=”https://www.engadget.com/gaming/xbox/microsoft-is-making-xbox-consoles-even-more-expensive-in-the-us-192443699.html” data-ylk=”slk:$20-to-$70 price hike;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas” class=”link “>$20-to-$70 price hike, since that took effect on October 3. Similarly, Microsoft only raised the price for its Game Pass Ultimate subscription data-i13n=”cpos:2;pos:1″ href=”https://www.engadget.com/microsoft-jacks-the-price-of-game-pass-ultimate-up-to-30-a-month-142441307.html” data-ylk=”slk:from $20 to $30;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas” class=”link “>from $20 to $30 in October.

Meanwhile, revenue from…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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