by
William D’Angelo
, posted 6 minutes in the past / 50 Views
Microsoft has launched its earnings report for the second quarter of the 2023 fiscal 12 months, which ended up December 31, 2022.
Xbox gaming income declined 13 p.c year-on-year from $5.44 billion to $4.76 billion.
Xbox Content material & Companies income decreased 12 p.c. This was as a consequence of a “a robust prior 12 months comparable” with a decline in first-party content material and decrease monetization in third-party content material. This was “partially offset by progress in Xbox Sport Move subscriptions.
Xbox {hardware} income decreased 13 p.c year-on-year. This was pushed by “cheaper price and quantity of consoles bought.”
General, Microsoft reported income up two p.c year-over-year to $52.7 billion and web earnings down 12 p.c to $16.4 billion.
“The subsequent main wave of computing is being born, because the Microsoft Cloud turns the world’s most superior AI fashions into a brand new computing platform,” mentioned Microsoft CEO Satya Nadella. “We’re dedicated to serving to our prospects use our platforms and instruments to do extra with much less at this time and innovate for the long run within the new period of AI.”
A life-long and avid gamer, William D’Angelo was first launched to VGChartz in 2007. After years of supporting the location, he was introduced on in 2010 as a junior analyst, working his manner as much as lead analyst in 2012 and taking on the {hardware} estimates in 2017. He has expanded his involvement within the gaming group by producing content material on his personal YouTube channel and Twitch channel. You possibly can contact the writer on Twitter @TrunksWD.
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