Xbox is Doing Great - Microsoft Boasts Financial Results

Microsoft has shared its financial results for the third quarter of the current fiscal year, the period from January 1 to March 31, 2021. The amounts, as usual, can make your head spin. Revenues increased by 19% to reach $ 41.7 billion, and operating profit amounted to $ 17 billion, which is 31% more than in the same three months of 2020.

However, we are mainly interested in the results of the gaming division, and these also proved to be impressive, although unfortunately the company only shared percentages and not specific amounts. The entire category earned 50% more than in the first quarter of 2020. The biggest jump took place in hardware sales (i.e. consoles and accessories), the revenue from which increased by 232%. This comes as no special surprise, as the Xbox Series X and S consoles were not yet on the market in the same three months last year.

The console sales results could have been even higher, but problems in the component market mean that Microsoft is unable to fully meet the demand for the Xbox Series X/S.

The category's growth was not due solely to improved hardware sales, however. Revenues from sales of games, add-ons and services were 34% higher than a year earlier. This is due in part to the growing popularity of the Game Pass subscription. Unfortunately, it was not provided how many people currently pay for the subscription, but let us remind that according to unconfirmed reports, it is already over 23 million players. We hope that Microsoft will provide an official figure soon.

From other interesting data it is worth mentioning that every month there are more than 1.3 billion devices running on Windows 10 in use, while the Microsoft Teams service is used by up to 145 million people per day. Surface devices are also doing well, with $1.5 billion in revenue last quarter, up 12% from the first three months of 2020.

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2. Microsoft - official website