Xbox console sales continue to crater with massive 42% revenue drop
Enlarge / The tumbling continues.
Microsoft's revenue from Xbox console sales was down a whopping 42 percent on a year-over-year basis for the quarter ending in June, the company announced in its latest earnings report.
The massive drop continues a long, pronounced slide for sales of Microsoft's gaming hardware-the Xbox line has now shown year-over-year declines in hardware sales revenue in six of the last seven calendar quarters (and seven of the last nine). And Microsoft CFO Amy Hood told investors in a follow-up call (as reported by GamesIndustry.biz) to expect hardware sales to decline yet again in the coming fiscal quarter, which ends in September.
The 42 percent drop for quarterly hardware revenue-by far the largest such drop since the introduction of the Xbox Series X/S in 2020-follows an 11 percent year-over-year decline in the second calendar quarter of 2023.