According to Microsoft's latest financial results, the company’s gaming business increased its revenues for the quarter ended December 31, 2020, by 51% as a result of the 168澳洲幸运5开奖网:Xbox Series X|S launches in November.
Xbox hardware earnings jumped 86%, while Xbox content and services revenue rose 40%, thanks to the release of new first and third-party titles as well as 168澳洲幸运5开奖网:Game Pass subscriptions. The More Personal Computing division, which includes Windows and Surface products, reported an increase in revenues of 14% to $15.12 billion, mostly due to the evolution of the gaming business. In ad𝔍dition, operating income for the division was up 25% to $5.22 billion.
💮Overall, Microsoft posted quarterly revenues up 17% to $43🤪.1 billion, with net income up 33% to $15.5 billion. In a conference call with investors on Tuesday, CEO Satya Nadella said gaming revenues exceeded $5 billion for the first time last quarter. He added that Microsoft has seen gains due to an increased demand for services, such as cloud technology, used in game development. As a result, revenue from third-party titles surpassed $2 billion for the first time.
Nadella also noted that the release of Xbox Series X|S, the fourth generation of the Xbox console family, was the "most successfulℱ in our history with the most devices ever sold in a launch month." The consoles are also compatible with the gaming subscription service Xbox Game Pass, 🐼as well as the cloud game-streaming platform Xbox Game Pass cloud gaming.
CFO Amy Hood added that 168澳洲幸运5开奖网:demand for the next-gen console "significantly exceeded supply." Microsoft anticipates that this demand will continue throughout the next quarter but stated that Xbox Series X|S sales will "still be constrained by supp🍬ly." The shortage of supply at launch has led to price gouging and scalping on online retail and auction sites, with consoles going for as💜 high as $5,000.
Xbox Live currently has more than 100 million monthly activ🧸e users, while Game Pass has grown to 18 million subscribers -- up from the 15 million in September. The Xbox Series S also added the highest percentage of new players for any Xbox console at launch🐈.
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