The Morning After: Xbox console revenue fell off a cliff this year
Microsoft’s latest earnings report for the quarter ending on September 30 revealed that revenue from the Xbox hardware fell 30 percent year over year.<br /> Worse, in a way, this revenue decline doesn’t reflect any dip in sales caused by the console’s $20 to $70 price hike, since that took effect on October 3 — after this earnings report. (Oh, and Microsoft raised the price for its Game Pass Ultimate subscription from $20 to $30 in October.)<br /> Fortunately, revenue from Xbox content and services, specifically, remained relatively unchanged from the same period last year. That’s the Game Pass component of Microsoft’s gaming business.<br /> When Microsoft started cutting down its global workforce earlier this year, Xbox was hit hard, with the company cancelin [...]
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