Xbox hardware revenue fell 30% in Q3 2023 compared to the prior year
Xbox console sales were down significantly in Microsoft's latest financial quarter.
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Xbox console sales were down significantly in Microsoft's latest financial quarter.
Revenue is up 7 percent, with EPS up 10 percent according to the earning report for Q3 2023.
Here's how you can listen to Microsoft's (MSFT) Q3 2023 earnings call.
Microsoft is officially live-testing its latest version of Bing, aided by ChatGPT technology and utilizing AI to answer various search queries.
The company expects gaming revenue to continue to decline in Q3 following a 13 percent decline seen during Q2.
Microsoft's Q2 2023 earnings results teased that Game Pass did well, but CEO Satya Nadella claimed it saw all-time highs in subscription in the previous quarter.
Microsoft's OEM revenue year-over-year took one of the worst drops it's seen yet.
Xbox console sales were down 13% from the previous year in Microsoft's (MSFT) Q2 2023 earnings.
Cloud revenue hit $27.1 billion in Q2 2023, up 22 percent year-over-year and 29 percent in constant currency.
Microsoft is experiencing slow growth, but is hopeful Microsoft Cloud can carry it into the future.