Microsoft Ships 1.6 Million Xbox Consoles in Latest Quarter; Xbox One Price Drop Impacts Revenue
Microsoft just released its financial results for the third quarter of fiscal year 2015, related to the period between January 1st and March 31st.
The revenue registered by Redmond’s corporation as a whole was $21.7 billion, with a positive operating income of $6.6 billion for the whole company. Revenue grew by 6% year over year, while income dropped by 5%.
Revenue for the computer and gaming hardware segment dropped by 4% to $1.8 billion, while Xbox platform revenue dropped by 24%, with shipments summing up to 1.6 million combined between Xbox One and Xbox 360. The lowered revenue was due to shrinking sales compared to last year (which isn’t surprising, since it was just after launch) and to the Xbox One price drop.
On the other hand, Xbox Live revenue grew by 30% thanks to an increase in subscribers and user engagement. Revenue of first party games also grew by 49% mostly thanks to Minecraft.
Below you can check out all the relevant slides from the presentation.