Xbox hardware revenue up 14% due to Xbox One X launch
Microsoft has reported second quarter earnings for the period ending January 31, 2018 noting a 8% increase in revenue for its gaming business compared to the same quarter in 2017.
Revenue in More Personal Computing sector, which houses the company’s Xbox business, reported $12.2 billion in earnings, up 2% year-over-year (yoy0.
Gaming revenue increased $303 million or 8%, driven by higher revenue from Xbox hardware and Xbox software and services.
Xbox hardware revenue increased 14%, primarily due to the launch of Xbox One X. Xbox software and services revenue increased 4%, primarily due to Xbox Live revenue growth, offset in part by a decrease in revenue from the prior year launch of video games.
It was also reported Xbox Live now has 59 million active users, which is up 7% yoy compared to 55 million in Q2 2017 which blasted the prior year’s record of 49 million.
For the trailing six months, gaming revenue increased $313 million or 6%, driven by higher revenue from Xbox software and services, offset in part by lower Xbox hardware revenue. Xbox software and services revenue increased 11%, due to a higher volume of Xbox Live transactions, offset by decline in revenue per transaction. Xbox hardware revenue decreased 2%.
As a whole, the company reported a 12% increase in revenue of $28.9 billion with an operating of $8.7 billion , up 10% yoy.
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Related Forum: Xbox Forum
Source: https://www.vg247.com/2018/01/31/xbox-hardware-revenue-up-14-due-to-xbox-one-x-launch-microsoft-q2/
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Comments
GhostPosted:
CraigSpecialize Wow 14 percent isn't much... Well I'm that 14 percent
14% of millions is a lot. In business terms, 14% is a hell of a lot to up your revenue.
There are 59million users, 14% would be 8260000. Now that's a lot.
CraigPosted:
Specialize Wow 14 percent isn't much... Well I'm that 14 percent
14% of millions is a lot. In business terms, 14% is a hell of a lot to up your revenue.
QTPosted:
Tom for the top console on the market with the specs of a highend PC, im glad to revenue went up. It probably will keep rising until PS gives in a does better.
Exactly. There is a reason the revenue is up. It is because this is an awesome console. I ended up not ordering one and I am looking for someone selling a little cheaper to get one.
GhostPosted:
Xbox only released sales information when they're okay, it'll never say when they do bad. I really dislike Microsoft.
TomPosted:
for the top console on the market with the specs of a highend PC, im glad to revenue went up. It probably will keep rising until PS gives in a does better.
DragonPosted:
I love my Xbox One X. It runs incredibly well. I just don't know if I can put it up against the PS4 Pro though. I believe they both stand out, in some concepts.
RodentPosted:
Mike That's pretty good to be completely honest
really good , probably one of the best consoles they have ever released I have on and Graphics are awesome
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