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(Image credit: Getty Images) Share Share by: Copy link Facebook X Whatsapp Reddit Pinterest Flipboard Email Share this article 1 Join the conversation Follow us Add us as a preferred source on Google AAA gaming has been having a rough go of it the last few years. Microsoft's latest fiscal reports revealed a whopping $623 million drop in gaming revenue, compared to the same fiscal quarter last year.
The figure is bad enough on its own, but it gets worse when you realize that it represents a 9% year-on-year drop. Microsoft attributes the financial hit to "declines in Xbox hardware and Xbox content and services", letting on that Xbox consoles, games, and Game Pass sold 32% less than the same quarter a year ago.
Xbox fans have faced their share of struggles recently, with Microsoft hiking Game Pass prices three times in as many years, and increasing the price tag on the Xbox consoles not just once but twice in the same year (making them much pricier than the PlayStation) all while removing benefits .
Nvidia's revenue skyrockets to record $57 billion per quarter — all GPUs are sold out
Latest GPU market analysis shows Nvidia losing ground to AMD
Key considerations
- Investor positioning can change fast
- Volatility remains possible near catalysts
- Macro rates and liquidity can dominate flows
Reference reading
- https://www.tomshardware.com/video-games/xbox/SPONSORED_LINK_URL
- https://www.tomshardware.com/video-games/xbox/microsofts-gaming-division-flounders-while-the-firm-makes-more-money-than-ever-xbox-consoles-sales-drop-32-percent#main
- https://www.tomshardware.com
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Informational only. No financial advice. Do your own research.