"The Xbox business has been slumping for some time, so this was just the latest quarter of declines for the gaming unit at Microsoft."
"Gaming revenue decreased by $380 million, or 7%. The decline was driven by lower content on Xbox content and services, and hardware results coming in softer."
"Looking ahead to Q4, Microsoft said the down days for Xbox are expected to continue, with Xbox content and services revenue in the coming quarter expected to decline in the low teens."
"The downturn was attributed to a tough comparison to the same period last year when Microsoft had strong first-party content."
Microsoft's latest earnings report shows overall revenue and profit gains, but the Xbox division is struggling. Gaming revenue decreased by $380 million, or 7%, driven by lower content and hardware sales. Xbox content and services revenue dipped by 5%, while hardware revenue fell by 33%. The company forecasts continued declines in Q4, with expectations of low teens revenue decline for Xbox content and services. The downturn is attributed to tough comparisons with last year's strong first-party content and a price cut for Game Pass.
Read at GameSpot
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