so i just heard the latest news about xbox and i'm kinda bummed out, you know? their latest earnings report just dropped and it's not looking great for the xbox division. despite microsoft as a whole doing amazingly well, with huge gains in revenue and profit, xbox is still struggling.
it seems like the xbox business has been on a downward trend for a while now, and this latest quarter just keeps that streak going. the numbers aren't pretty - gaming revenue is down by $380 million, which is a 7% drop. and it's not just one area that's causing the problem, it's a mix of lower content and services sales, plus weaker hardware results. like, xbox content and services only dipped by 5%, but hardware revenue took a massive 33% hit due to way fewer consoles being sold.
i guess one kinda positive note is that the gross margin for the whole division actually increased by 6%, thanks to microsoft's advertising and gaming businesses. and because they sold fewer consoles, their cost of revenue decreased by 10%, which is a saving of some sort, i suppose. but let's be real, it's not all good news. the fact that xbox is still struggling, even with microsoft's overall success, is a bit worrying. i just hope they can turn things around soon.
preorders are available at major retailers, although i'm not sure what's coming next for xbox that we should be preordering. i'm still pretty loyal to the brand, but it's hard not to feel a bit concerned about the future. i mean, i love playing on my xbox, and i know lots of other gamers do too, so i hope they can get back on track. maybe we'll see some new games or updates that'll change everythingRead more: Full article on www.gamespot.com
What do you think about this?
it seems like the xbox business has been on a downward trend for a while now, and this latest quarter just keeps that streak going. the numbers aren't pretty - gaming revenue is down by $380 million, which is a 7% drop. and it's not just one area that's causing the problem, it's a mix of lower content and services sales, plus weaker hardware results. like, xbox content and services only dipped by 5%, but hardware revenue took a massive 33% hit due to way fewer consoles being sold.
i guess one kinda positive note is that the gross margin for the whole division actually increased by 6%, thanks to microsoft's advertising and gaming businesses. and because they sold fewer consoles, their cost of revenue decreased by 10%, which is a saving of some sort, i suppose. but let's be real, it's not all good news. the fact that xbox is still struggling, even with microsoft's overall success, is a bit worrying. i just hope they can turn things around soon.
preorders are available at major retailers, although i'm not sure what's coming next for xbox that we should be preordering. i'm still pretty loyal to the brand, but it's hard not to feel a bit concerned about the future. i mean, i love playing on my xbox, and i know lots of other gamers do too, so i hope they can get back on track. maybe we'll see some new games or updates that'll change everythingRead more: Full article on www.gamespot.com
What do you think about this?