07-24-2020, 09:46 AM
Xbox closes Q4 with gains in hardware revenue, record engagement
<div style="margin: 5px 5% 10px 5%;"><img src="https://www.sickgaming.net/blog/wp-content/uploads/2020/07/xbox-closes-q4-with-gains-in-hardware-revenue-record-engagement.jpg" width="200" height="200" title="" alt="" /></div><div><p>Microsoft saw an uptick in console sales during the last quarter of its 2020 financial year, reporting a 49 percent increase in hardware revenue due to an increase in consoles sold.</p>
<p>It’s a notable increase given that Microsoft’s last few quarterly reports have found hardware sales to be slowing. That jump also comes alongside other year-over-year increases for the Xbox brand during the quarter ending June 30, 2020. </p>
<p>Along with those year-over-year hardware gains, Microsoft says that Xbox content and services revenue also increased by $1.2 billion or 65 percent compared to the same quarter last year. As a whole, Microsoft says video game revenue increased $1.3 billion or 64 percent. Like many other companies right now, Microsoft credits that increase in spending (and record engagement) to on-going stay-at-home guidelines, as well as strength from third-party games.<br /> </p>
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https://www.sickgaming.net/blog/2020/07/...ngagement/
<div style="margin: 5px 5% 10px 5%;"><img src="https://www.sickgaming.net/blog/wp-content/uploads/2020/07/xbox-closes-q4-with-gains-in-hardware-revenue-record-engagement.jpg" width="200" height="200" title="" alt="" /></div><div><p>Microsoft saw an uptick in console sales during the last quarter of its 2020 financial year, reporting a 49 percent increase in hardware revenue due to an increase in consoles sold.</p>
<p>It’s a notable increase given that Microsoft’s last few quarterly reports have found hardware sales to be slowing. That jump also comes alongside other year-over-year increases for the Xbox brand during the quarter ending June 30, 2020. </p>
<p>Along with those year-over-year hardware gains, Microsoft says that Xbox content and services revenue also increased by $1.2 billion or 65 percent compared to the same quarter last year. As a whole, Microsoft says video game revenue increased $1.3 billion or 64 percent. Like many other companies right now, Microsoft credits that increase in spending (and record engagement) to on-going stay-at-home guidelines, as well as strength from third-party games.<br /> </p>
</div>
https://www.sickgaming.net/blog/2020/07/...ngagement/