Microsoft’s Xbox Live Revenue Increases, But Not Enough To Offset Lagging Xbox Console Sales

0
419

#XboxLive #XboxOneMicrosoft’s Xbox Live Revenue Increases, But Not Enough To Offset Lagging Xbox Console Sales : In Microsoft’s earnings release for the fourth quarter and full fiscal year ending June 30, the company’s report on its gaming division shows the struggle that the business is currently going through.

On a good note, the revenue that Microsoft earned from Xbox Live for the recently concluded quarter increased by 4 percent compared with the same period last year, due to the higher number of transactions on the network and more money being spent by gamers on each transaction.

Xbox Live monthly active users shot up to 49 million for the quarter, which is an increase of 33 percent from the 37 million monthly active users reported in the fourth quarter of the fiscal year that ended June 30, 2015.

In comparison, Sony reported 20.8 million PlayStation Plus subscribers across all its platforms, though the Xbox Live figures include the gamers signing in to the network through the free Silver account.

However, the slight bump up in Xbox Live revenue and the significant increase in Xbox Live users was not enough to offset the lagging sales of Microsoft’s Xbox consoles, as according to the earnings report, revenue from hardware sales decreased by 33 percent. The revenue fall was attributed to the decline in the number of Xbox units sold and the lower average price of the consoles.