Xbox One Hardware Revenue Dropped 48% Last Quarter - NewsWilliam D'Angelo , posted on 01 August 2019 / 3,371 Views
Microsoft has announced its earnings result for the fourth quarter of fiscal year 2019, which ended on June 30. Microsoft for the quarter reported GAAP revenue of $33.72 billion and net income of $13.19 billion.
"It was a record fiscal year for Microsoft, a result of our deep partnerships with leading companies in every industry," said Microsoft CEO Satya Nadella. "Every day we work alongside our customers to help them build their own digital capability - innovating with them, creating new businesses with them, and earning their trust. This commitment to our customers’ success is resulting in larger, multi-year commercial cloud agreements and growing momentum across every layer of our technology stack."
Xbox hardware revenue dropped 48 percent for the quarter year-on-year, while gaming revenue as a whole declined 10 percent to $2.05 billion. Xbox software and services declined three percent against a strong quarter a year ago. This was partially offset by subscriptions growth.
The number of Xbox Live monthly active users increased 14 percent to 65 million.
A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel dedicated to gaming Let's Plays and tutorials. You can contact the author at email@example.com or on Twitter @TrunksWD.