Xbox Series X/S launch “most successful”
Microsoft might not announce sales figures for their Xbox hardware any more, but they’re still happy to announce that the Xbox Series X/S launch was the “most successful in our history”.
“We are gaining console share as gamers recognise the value of our broader ecosystem,” declared CEO Satya Nadella. Microsoft's game business pulled in over $5 billion in revenue in the last quarter of 2020.
Revenue soars: Game revenue was up 51% year-on-year according to Microsoft's latest financial report. Content and services revenue is up 40% year-on-year thanks to Xbox Game Pass, which has now garnered 18 million subscribers, adding 3 million new ones since September.
Mistakes were made: Microsoft recently announced plans to increase the price of Xbox Live Gold, but quickly changed tack after the Xbox community howled in unison rage. They also announced that Xbox Live Gold will no longer be necessary to play free-to-play games.