Lack of Big Releases , Contributes to Declining , Sales for Xbox.
On January 25,
Microsoft posted its Q2 earnings,
which showed a year-over-year decline.
Following years of rising revenue,
Microsoft saw sales of its Xbox
Series X and S slow down a bit in Q2. .
IGN reports that while a dip is to be expected,
a major contributing factor has been
a lack of major first-party releases.
IGN reports that while a dip is to be expected,
a major contributing factor has been
a lack of major first-party releases.
Year-over-year, game sales and
hardware revenue were down 13%.
Meanwhile, revenue from Xbox
content and services
was down 12% in Q2. .
According to Microsoft, the dip is due to decreased
spending on first-party content, lower monetization
and a strong prior year by comparison.
According to Microsoft, the dip is due to decreased
spending on first-party content, lower monetization
and a strong prior year by comparison.
IGN reports that 2021 was a hard year for Microsoft
to compete with, considering the major release of
'Halo Infinite' and surging demand for the Series X and S. .
IGN reports that 2021 was a hard year for Microsoft
to compete with, considering the major release of
'Halo Infinite' and surging demand for the Series X and S. .
Last week, Microsoft announced that it had laid off
10,000 employees, including a number of people
from The Coalition, 343 Industries and Bethesda.
Last week, Microsoft announced that it had laid off
10,000 employees, including a number of people
from The Coalition, 343 Industries and Bethesda.
According to Microsoft, the layoffs are
cost-cutting measures in the face of an ongoing
recession and slowing consumer spending.
IGN reports that it remains to be seen how
the job cuts may impact future first-party
game production within Xbox.