Phil Spencer: 'Microsoft Earnings Were a Nice Moment for Xbox' - News
by William D'Angelo , posted on 01 May 2022 / 1,619 Views
Microsoft CEO Satya Nadella during the recent earnings call with investors revealed the Xbox Series X|S has gained marketshare among the next-generation consoles over the last two quarters.
The Xbox Series X|S was the best-selling next-generation console in the first quarter of 2022 in the US, Canada, UK, and Western Europe. Xbox gaming revenue also grew six percent year-over-year to set a new record for the March quarter.
Microsoft Gaming CEO Phil Spencer via Twitter said the earnings report from Microsoft was a "nice moment for Xbox."
"Coming to the end of a good week. MS earnings were a nice moment for Xbox, it's always great to hear Amy and Satya talk about the progress," said Spencer. "Followed by announce of the Xbox and Bethesda showcase. I just want to say thank you for all the feedback and support, very much appreciated."
Microsoft will hold its Xbox & Bethesda Games Showcase on Sunday, June 12 at 10:00 am PT / 1:00 pm PT.
Coming to the end of a good week. MS earnings were a nice moment for Xbox, it's always great to hear Amy and Satya talk about the progress. Followed by announce of the #XboxBethesda showcase. I just want to say thank you for all the feedback and support, very much appreciated.
— Phil Spencer (@XboxP3) April 29, 2022
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 wdangelo@vgchartz.com or on Twitter @TrunksWD.
More Articles
It only accounts to something if Xbox manages to hold these markets. But congratulations on the win. Luckily for Xbox its main console competitor (since they exclude Switch) will not be able to make more consoles as they are doing now for the entire year as the situation is now. As long as China is in lockdown shortages will last a long while at least for the coming 6 months, because even if the ports open getting supply chains back in order takes a very long time. The just in time economy really goes down if something isn't in time and to smooth over such an imbalance will take a long time.
What would good Phil is Full game of Halo 5 Guardians on Steam and Rare Replay on Steam
MS is a smoke & mirror company when it comes to their gaming division. Of course they make tons of money elsewhere.
Pounding your chest when your competitor has major shortages!!! I guess they better do it while they can!!!?
I really would like to see how the Xbox gaming division is doing on it’s own ??? My guess is they are losing money???
Why don’t you check the numbers Microsoft provided during their investor call last week and see for yourself? :) I’ll give you a clue, it was a record setting one for the gaming division!
I’ll never understand those who just want to troll Xbox just because they’re doing really well
Strange.. how are they doing good earnings when they have to support GamePass.. people on the internet said its not sustainable.
So the Xbox division can still be sustainable even with GP. Yet here i heard other companies cant do GP because they don't have the money to sustain it yet Xbox devision doesnt seem affected.
So when people were making excuses that other brands cannot do what MS do because they can't afford the cost, this really just proves everyone wrong. Xbox is profiting while sustaining GP.
People assumed GP isnt profiting in general when their is no proof of that either. Also 360 days Xbox 1st party games sold more than PS games. Sure that changed the gen after however both companies have proven they can sell as well as the other. Xbox is just taking more risks with their offerings because corporations like Microsoft think long term not sure term gains.
Also MS is one of the companies that wont proceed with something that isn't profitable, however they have done their research and considering they are willing to spend billions of investing into companies is clear proof that their is a massive profit margin in this service. MS don't want to upset their share holders either.
The question we should be asking is what do competitors know? This is one of, if not the largest corp in the world, they know how to make 100s of billions of dollars yearly. Ever notice we don't hear mega corps like Apple or Google question this service? Only the little guys calling it unprofitable or dont understand it?
The thing with Nintendo and Sony is they want to play it safe, they don't want the long term gain, they want profits now, not 1 year later. Their business is structured around common sales not service plans. This was a transition MS spent during the XB1 era changing into.
You don't think Halo would sell over 10m copies? or Starfield? Even MS came out and said "Do the maths yourself" to those questioning the sustainability of GP. I done the maths and their is no way MS earning billions of service fees a year to be losing money on GP. We are not talking 100s of millions, we are talking billions even at $1 a month subscribers.
The gaming division is setting record numbers and if GP was leeching so much money, they would be going after companies like Activision/Blizzard.
Time for another $1 promo
Easy when Microsoft spends 10s upon 10s of billions to make millions to save face..
Wierd having a press conference to say your market leader when its only due to shortages on Sonys and Nintendos side. Microsoft have product on shelves which means its no longer selling out! Smoke and mirrors with them as usual!
By “press conference” you mean investor call, right? And a tweet by Papa Phil?
Also how many billions exactly have they spent?
Xbox had the largest non holiday quarter ever in revenue in Xbox’s history and it’s all smoke and mirrors? Lol okay……just a heads up though that the Series S uses different, cheaper, and more available components that allowed more Series S’s to be out there and for at least a year, Microsoft kept millions of Series X’s to upgrade all of their xCloud servers. So we’re just now seeing more Series X’s due to all supply actually going out to consumers.
Also , by press conference you mean an investor call where Microsoft can in no way lie to their investors otherwise be at risk to being sued into oblivion? We don’t know how much money Xbox has put into their ecosystem, but there’s a term for that. Investment. Nintendo and Sony are investing billions into their l own ecosystems and expanding. Microsoft is no different. Phil was just saying how it was a nice moment for the brand to have good news and progress. There’s nothing wrong with that.
Clearly you have no idea what you're talking about.
"Press conference"... ? What are you even talking about
