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Xbox hardware down year on year as Xbox LIVE grows

Microsoft's latest financial results show a decrease in gaming revenue by $152 million or 9% due to lower Xbox hardware revenue, although Xbox LIVE helped soften the blow as it grew 33% year over year to 49 million active users. Which it has to be said, seems pretty impressive.

Due to a decline in consoles sold and lower prices of consoles sold, Xbox hardware was down 33%, although Microsoft will be hoping that the upcoming release of the first console/4K Blu-ray player, that is the Xbox One S, will help kickstart some sales.

For Q4 of fiscal year 2016 year, Microsoft reported company wide revenue of $20.6 billion, a 7% year-over-year decline.

Full year revenue was $85.3 billion and net income ended up as $16.8 billion. That doesn't seem such a bad year to us.

Edited On 20 Jul, 2016

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