Microsoft’s performance increased, but Xbox’s ‘stagnation’ – GameY VRESP

Microsoft achieved better results in its latest quarter than analysts expected.

Microsoft’s announced performance for the third quarter of fiscal 2024 (ending March 31) was $61.858 billion in quarterly revenue, up 17% from the same period last year. Quarterly operating profit also increased 23.4% compared to the same period last year, reaching $27.581 billion.

On the other hand, sales of Xbox console hardware continue to decline. Overseas media Kotaku reported that, according to Microsoft’s third quarter announcement, sales of the Xbox Series XLS decreased by 30% compared to the previous year. The bigger problem is that in April 2023, Microsoft also announced that Xbox hardware sales had decreased by 30% compared to the same period last year.

Considering the current situation where Xbox console hardware sales have continued to slump, Kotaku said the fate of the current generation Xbox appears to have been decided, and it’s easy to see why Microsoft is releasing the game on a different model. It was analyzed that there was.

‘Sea of ​​Thieves’, the fourth game that Microsoft plans to release on PlayStation, ranked high on the PlayStation Store based on pre-orders alone. “Microsoft has seven games among the top 25 best-sellers on PlayStation, more than any other publisher,” said Microsoft CEO Satya Nadella.

Microsoft has made it clear that it will not give up its console gaming hardware even if Xbox sales are poor. Microsoft promised earlier this year that its next console would be the biggest technological leap in hardware history.