It's quarterly financial results day at Microsoft today, and Redmond's corporation sent in a press release right in time for its earnings report right in time for the closure of the markets.
Microsoft just posted the third quarter of its 2024 fiscal financial results. The software maker made $61.9 billion in revenue and a net income of $21.9 billion during Q3. Revenue is up 17 percent, and net income has increased by 20 percent.
Xbox content + services up 62% while hardware down 31%... seems about right with the way they tout you don't need the hardware to play. People can play on their phones or smart tv or other means. I don't hardly play on my consoles directly since getting devices like the logitech g-cloud and ps portal. Which is to also say I have been playing more digital than physical because of these devices.
Too expensive hardware when others offer the same or more for less? Good work, Green Team.
"Despite some early successes for Xbox games on rival platforms, Xbox hardware is down by a massive 31 percent this quarter."
"Without Activision Blizzard, Microsoft’s overall gaming revenue would have actually declined this quarter."
"Xbox content and services would have only been up a single percent without Activision Blizzard..."
"It looks like next quarter is going to be a similar story for gaming at Microsoft, too."
That is crazy... so A/B/K is carrying the whole Xbox gaming.
Oh and Microsoft will be fine. Windows, Office and Cloud are growing with each pc purchase.
As part of its plans to cut 1,900 jobs, Microsoft has reportedly shut down operations at Bethesda France, letting go roughly 15 people
Bethesda France was made up of roughly 15 people... they couldn't of being doing much
Bethesda France mainly did publishing and marketing within the region
Bethesda France focused on publishing and marketing in the region. And 15 people lost their jobs as part of the closure.
I wonder if this is part of Microsoft's strategy to abandoned physical media or possibly gamepass advertising makes their roles redundant you don't need to market a game as hard when the majority of players get the game as part of a sub which already promoted upcoming games
Tbh Microsoft I think Bethesda being 3rd party same with Activision would probably more competitive than thus scenario imo
The recently purchased Activision French offices might take over all the licensing and marketing for Microsoft in France from now on.
Hanzla from eXputer inquires: "If Xbox can care about preserving its games and legacy, what exactly is wrong with Nintendo, trying to kill game preservation single-handedly?"
Ahh yes the good old game preservation of saving all your games to a removable hhd on the Xbox 360, taking it round your mates house, setting up multiple tvs to
Be met with “save data corrupted, please re download”
Or how about removing 360 games
From the store
, download them now or else, and, better hope to god that save data doesn’t corrupt, or it’s lost for ever
Nice one ☝️
This is just a scammy PR move to distract from the fact they are going digital only and trying to push streaming and subscriptions only.
No gaming company has pushed harder to remove ownership than Microsoft.
Without discs there is no preservation, preservation can't be done by the rights holders it can only be done by the consumers, anything else is a lie.
Nobody wants this. Sales or the lack of it in the case of XBOX is very telling. I wonder how the adorably all digital series X will fare. Adorably dismal perhaps?
Only time will tell, but for from someone like me suspecting that Xbox is trying to gracefully exit the console market, that "forward compatibility" team is trying to get Xbox games playing on Windows PCs. I mean, it's nice that they're not planning on exiting with a "enjoy your games while the hardware still works" message, so that's nice. They still have a brand to protect via Microsoft so probably feel obligated to have a better exit strategy.
$20,000,000,000 in revenue
Well done
The "Devices and Consumer hardware" devision account for almost $2 Billion in revenue for this quarter.
"Xbox platform revenue UP 45%"
Andbeforetheseareshippedconsol es
To shareholders this is $ in their pockets....whether sold to consumers or sold to retailers...the shareholders make money...and so does microsoft
Also as stated in the comments in the article
U have to REMEBER the shareholders are not looking at the ps4 sales figures...this is the quarterly report it has to be reported so that the shareholders can see what state the company is in...and from the looks of things the xbox division is doing good
Also u must REMEBER that retailers wouldn't continue buying consoles if they weren't selling...that's why only 1 million consoles were shipped in the quarter...that's a good way of seeing how the console is selling...retailers order more stock when they've sold their previous stock
@ 2pac
This is the quarterly report...also how does sales figure help gamers other than to boost gamers egos....in actuality its not about the amount of consoles sold...it's about the revenue and profit the consoles brings in...more revenue and profit more games can go into development and things like better online also come into play
Also nice article abriael very detailed...I really do like dual shockers website starting to be one of my favorites
@ death
Yeah I like n4g but dual shockers report on everything and they are pretty good at getting to the news first which is why I like them
I hope MS uses some of that profit to build up the Xbox brand in terms of software
Nice, well done MS. Growth is always a great thing, and it's good to see that the XB1 is doing very well financially as well. The more profitable it is for them, the more they will be willing to invest in it.
Abriael makes a good point above, it wasn't MS making official price cuts as of yet, that was retailers competing with each other for business. And if it was due to an inability to move consoles...they would not have shipped-in 1.2 mil more consoles.