Xbox CEO Reacts To Yet Another Disappointing Period For Xbox

Xbox is part of Microsoft’s “More Personal Computing” division, and gaming revenue decreased by $380 million, or 7%. The decline was driven by lower content on Xbox content and services, and hardware results coming in softer. Xbox content and services dipped by 5%, while Xbox hardware revenue slumped by 33% due to fewer consoles sold.

Gross margin for the entire More Personal Computing division increased by 6%, driven by Microsoft’s advertising and gaming businesses, the company said. Additionally, a benefit to selling fewer consoles meant that cost of revenue decreased by 10%, falling to $584 million. That’s not entirely attributable to lower Xbox sales, though, as Microsoft offers a variety of other hardware platforms.

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