![]() ![]() Doubling down appears to have paid off: While hardware saw a decline, Microsoft eked out a $36 million increase in gaming revenue this quarter, according to Tuesday’s report. ![]() It has been a major pillar of Xbox’s business model since it was introduced in 2017. The monthly subscriber service provides users unlimited access to hundreds of games, online play and cloud streaming of select titles. Xbox has shifted its own focus toward building a hearty subscriber base for Game Pass across consoles and PC. Lifetime sales for the PlayStation 5 sit at a comfortable lead of more than 38 million units, compared to 21 million Xbox Series consoles sold, as revealed by the company’s recent federal court battle with the FTC. Microsoft’s biggest competitor in the hardware space, Sony, has dominated the console market with the PlayStation 5, consistently outselling both the Xbox Series X and S on a near-monthly basis. ![]() Xbox hardware revenue decreased 13 percent during quarter four of the 2023 fiscal year, according to results published Tuesday, compared to the same quarter one year ago. Xbox hardware sales are on the decline as Microsoft continues to shift its focus in the video game space towards gaming-centered services like Xbox Game Pass and Xbox Cloud Gaming. ![]()
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