Microsoft records the best quarterly revenue in the Xbox division
A comprehensive increase in revenue from games, devices and services.
Microsoft’s gaming division reportedly posted record revenue for its last fiscal quarter. On Tuesday, the company announced its results for the fourth fiscal quarter ending on March 31, 2022.
Microsoft’s gaming revenue increased 6% year over year, from $3.53 billion in the third quarter of 2021 to nearly $3.74 billion. “This is the best non-holiday quarter ever for Xbox,” commented Daniel Ahmed, an analyst at Nikko Partners, after Microsoft published its earnest results.
Microsoft said Xbox content and services revenue was up 4% year over year, with growth in Xbox Game Pass subscriptions and first-party titles.
As for the Xbox, it achieved a growth of 14% in revenues, with the increasing demand for the Xbox Series X/S, which has witnessed a high demand in recent months.
Last week, the VGChartz platform revealed the latest figures on sales of the new generation of devices, which are now 17 months in the market and it appears that the Sony device is still outselling despite the severe production shortage. As of the end of last March, sales of the device amounted to 18.71 million units around the world. As for Xbox Series sales, which are witnessing rapid growth, they reached 13.87 million copies.
These numbers include all versions of the two platforms since their launch in November of 2020 until the end of March 2022.
Through these statistics, we note that the last month, last March, sales of Xbox Series devices accelerated, while the PlayStation 5 still suffers from a severe shortage in global markets. This is due to the fact that the Xbox Series (S) has seen a great demand due to its availability in sufficient quantities in the market and at a reasonable price.
On the other hand, the PlayStation 5 is still difficult to obtain, and if it is available in unofficial ways, its price will be high, equivalent to the price of 3 to 4 Xbox Series S consoles.