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Xbox Series X|S launches help push Microsoft gaming revenue up 51%

Xbox hardware sales were up 86% last quarter as Xbox content and services revenue rose 40%

Microsoft’s gaming business received a significant jolt from the November launch of new hardware, according to the company’s latest financial results.

Microsoft today reported earnings for the quarter ended December 31, 2020, with overall gaming revenues up 51%.

Xbox hardware alone was up 86%, which the company attributed to the launch of the Xbox Series X|S consoles.

Xbox content and services revenue was up a less dramatic 40%, with the company crediting the rise to third-party titles, Game Pass subscriptions, and then first-party titles.

The More Personal Computing division that also includes Windows and Surface products posted revenues up 14% to $15.12 billion, with the growth attributed to the gaming business.

The division’s bottom line was also up, with operating income up 25% to $5.22 billion.

Those gains largely reflected Microsoft’s performance as a whole; overall, the company posted quarterly revenues up 17% to $43.1 billion, with net income up 33% to $15.5 billion

Source: gamesindustry

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