When it comes to console gaming and gaming platforms, one of the most popular has been Sony Playstation and Microsoft Xbox. Over the last few years, the Microsoft Xbox team has been trying to push their boundaries to surpass Sony in the console war and it seems that they have made a very big leap this year with the launch of the Xbox series X. After Microsoft announced their quarter ending results which ended in December 2020, it was noticed that they had a revenue of 43.1 billion and operating income was $17.9 billion.
Although this is a big number for the company, it never got unnoticed that Xbox content and services revenue increased 40% when compared to last year. The company has already crossed $5 billion in gaming revenue for the first time this quarter, thanks to their new generation console which has proved to take on Sony fiercely in terms of performance. The launch of Xbox Series X and Series S was the most successful in its history, with the most consoles ever sold in a launch month.
The company has also made $2 billion in revenue from third-party titles for the first time in the quarter and has 100 million active users on Xbox Live. with Game Pass users now surpassing 18 million. As per the details, it is expected that in the future, Microsoft’s revenue growth is 40 percent driven by next-generation console sales as well as Xbox content and services revenue in the mid-20 percent range