In the fourth quarter (second fiscal quarter) of 2019, revenues Microsoft from the gaming direction fell by 21% (compared with the same indicator in the fourth quarter of the previous year). This is stated in the latest company report.
According to the data provided, for the specified period, the IT giant earned $ 905 million on gaming content. Not only revenue from sales of consoles / accessories slipped (by 43%), but also software / services (by 11%). At the same time, the sale of subscriptions partially covered the losses from the sale of digital versions of games, DLC and additional content.
As the analyst notes Daniel Ahmad in 2018, excellent results were achieved due to success Fortnite. But in the past year, the costs of players to the royal battle from Epic games decreased. At the end of 2019, the gaming direction brought $ 10.3 billion, while in 2018 Microsoft earned $ 11.5 billion.
The conclusions can be drawn as follows: at the end of life’s journey Xbox one console sales have fallen dramatically, and Microsoft is making less and less money because it offers big discounts. However, the head of Microsoft Satya Nadella reported on the growth in demand for subscription services of the company (Xbox Live Gold/Game pass) So, the number of active users Xbox live in November exceeded 65 million, a record was also broken on a quarterly basis. Sales of games and add-ons remain fairly stable.
Nadella warned that in 2023 the company predicts a two-digit drop in revenue from the gaming division, which is associated with preparations for the launch of a new generation console Xbox Series X. As for Microsoft as a whole, the company’s revenue for the reporting period increased by 14% – up to 36.9 billion dollars. Net income was $ 11.6 billion (+ 35%).
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