{"id":108208,"date":"2022-10-26T02:37:45","date_gmt":"2022-10-26T02:37:45","guid":{"rendered":"https:\/\/harchi90.com\/xbox-console-sales-continue-to-rise-as-supply-chain-issues-relax\/"},"modified":"2022-10-26T02:37:45","modified_gmt":"2022-10-26T02:37:45","slug":"xbox-console-sales-continue-to-rise-as-supply-chain-issues-relax","status":"publish","type":"post","link":"https:\/\/harchi90.com\/xbox-console-sales-continue-to-rise-as-supply-chain-issues-relax\/","title":{"rendered":"Xbox Console Sales Continue to Rise as Supply Chain Issues Relax"},"content":{"rendered":"<div id=\"\">\n<p>Sony&#8217;s PS5 isn&#8217;t the only console benefitting from improved supply chains this year.  Xbox console sales are also on the way up, according to the company&#8217;s first-quarter earnings report.<\/p>\n<p>Microsoft doesn&#8217;t usually give hard numbers, but the company reported that hardware sales were up 13% for the period between July and September compared to the same period last year.  For some context, that same period last year (2021) saw an increase of a whopping 166% over the period before <em>that <\/em>(2020), which was when the Xbox One was on its last legs and the Xbox Series S and X hadn&#8217;t been released yet.<\/p>\n<p>To put it more simply, Microsoft sold a bunch of Xboxes in its first Q1 after its new hardware launch and now, a year later, it&#8217;s selling even more than that.<\/p>\n<p><output class=\"widget-container\"><button type=\"button\" style=\"display:none\" class=\"jsx-3968970857\"\/><\/p>\n<div class=\"jsx-862123036 slideshow-preview\">\n<p>Best Xbox Game Pass Games<\/p>\n<div class=\"jsx-862123036 images-container\"><button type=\"button\" aria-label=\"Open Slideshow\" class=\"jsx-862123036 hero-image\"><\/button><\/div>\n<\/div>\n<p><\/output><\/p>\n<p>For some further comparison, Microsoft reported that hardware sales last quarter were down 11% from the prior year \u2014 so the 13% rise is indicative of something different this quarter.  It&#8217;s not likely connected to a big software launch, since Xbox didn&#8217;t really have any needle movers during that period, and its first and third party content sales were down.  In fact, its overall content services revenue was down 3%, with declines in content and engagement hours offset by an increase in Game Pass subscriptions.<\/p>\n<section data-transform=\"object-feedback\"\/>\n<p>What&#8217;s much more likely here is that supply chains are loosening up after a multi-year period of struggle with getting necessary microchips for graphics cards and other technological products.  We&#8217;ve already seen how this has impacted Sony&#8217;s PS5, and it&#8217;s not surprising that Xbox&#8217;s hardware would be selling better also.<\/p>\n<p>In total, Xbox reported $3.61 billion in revenue for the gaming segment this past quarter, which is just ever-so-slightly up from last year, making this a record first quarter for the segment.  Overall, Microsoft revenue totaled $50.1 billion, up 11% year-over-year.<\/p>\n<p><strong>Update 2:48pm PT:<\/strong> On today&#8217;s earnings call, CEO Satya Nadella revealed that PC Game Pass subscriptions specifically are up 159% from the same time last year &#8211; the service for PC launched in the summer of 2019. He also stated that over 20 million people have used Xbox cloud gaming services to date.<\/p>\n<p><strong>Update 3:07pm PT: <\/strong>Microsoft announced its projections for the next quarter for the gaming segment, expecting revenue to decline in the low to mid teens due to being put up against a bunch of first-party releases during the same period last year.  This is expected to be offset by Xbox Game Pass subscriber growth.  And content and services revenue is expected to decline in the low to mid-teens.  The company did not offer any hardware guidance.<\/p>\n<p><output class=\"article-video-container\"\/><\/p>\n<p><em>Rebekah Valentine is a news reporter for IGN.  You can find her on Twitter <\/em><a rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/duckvalentine\" target=\"_blank\"><em>@duckvalentine<\/em><\/a><em>.<\/em><\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sony&#8217;s PS5 isn&#8217;t the only console benefitting from improved supply chains this year. Xbox console sales are also on the way up, according to the company&#8217;s first-quarter earnings report. Microsoft doesn&#8217;t usually give hard numbers, but the company reported that hardware sales were up 13% for the period between July and September compared to the &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/harchi90.com\/xbox-console-sales-continue-to-rise-as-supply-chain-issues-relax\/\"> <span class=\"screen-reader-text\">Xbox Console Sales Continue to Rise as Supply Chain Issues Relax<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[4],"tags":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack-related-posts":[{"id":115301,"url":"https:\/\/harchi90.com\/microsoft-loses-up-to-200-on-each-xbox-console-sold\/","url_meta":{"origin":108208,"position":0},"title":"Microsoft loses up to $200 on each Xbox console sold","date":"November 2, 2022","format":false,"excerpt":"Microsoft loses up to $200 on each Xbox console it sells. In an interview with CNBC, Xbox head Phil Spencer admitted its Xbox Series X\/S consoles are sold at a loss, with the expectation that revenue will be made up elsewhere on accessories and games. That's $100 lost on the\u2026","rel":"","context":"In &quot;Technology&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":109850,"url":"https:\/\/harchi90.com\/phil-spencer-says-xbox-hardware-or-subscription-prices-will-have-to-rise-at-some-point-but-not-this-holiday\/","url_meta":{"origin":108208,"position":1},"title":"Phil Spencer Says Xbox Hardware or Subscription Prices Will Have to Rise at Some Point, But Not This Holiday","date":"October 27, 2022","format":false,"excerpt":"Xbox Game Pass and the Xbox Series consoles could go up in price at some point according to Phil Spencer, but the increase won't happen this holiday period.As reported by The Verge's Tom Warren on Twitter (below), during The Wall Street Journal's WSJ Live event the Xbox boss said that\u2026","rel":"","context":"In &quot;Technology&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114324,"url":"https:\/\/harchi90.com\/xbox-loses-as-much-as-200-on-every-xbox-it-sells-phil-spencer-says-report\/","url_meta":{"origin":108208,"position":2},"title":"Xbox Loses As Much As $200 On Every Xbox It Sells, Phil Spencer Says &#8211; Report","date":"November 1, 2022","format":false,"excerpt":"According to Microsoft Gaming CEO Phil Spencer, Microsoft loses as much as $200 on every Xbox it sells. According to CNBC, Spencer recently disclosed that Microsoft subsidizes the production cost of a new Xbox by about $100 to $200 per console.Spencer added, the report said, that Microsoft expects to make\u2026","rel":"","context":"In &quot;Technology&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114058,"url":"https:\/\/harchi90.com\/microsoft-loses-up-to-200-on-every-xbox-console-it-sells\/","url_meta":{"origin":108208,"position":3},"title":"Microsoft Loses Up To $200 On Every Xbox Console It Sells","date":"October 31, 2022","format":false,"excerpt":"Image: Anthony McLaughlin (Shutterstock)Video game consoles are very expensive pieces of computer hardware crammed into relatively small boxes and packaged with pricey controllers. So it's not surprising to hear that Microsoft isn't making money selling Xbox consoles. In fact, these days it loses up to $200 for every console sold.\u2026","rel":"","context":"In &quot;Technology&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":109083,"url":"https:\/\/harchi90.com\/phil-spencer-xbox-game-pass-is-profitable-but-growth-slowing-hints-at-price-increases\/","url_meta":{"origin":108208,"position":4},"title":"Phil Spencer: Xbox Game Pass Is Profitable But Growth Slowing, Hints at Price Increases","date":"October 26, 2022","format":false,"excerpt":"Xbox Game Pass is profitable, Phil Spencer says, comprising rough around \"10 to 15 percent\" of Microsoft's gaming revenue. However, growth is slowing, and price increases may be on the way.In a Wall Street Journal Live segment reported on by journalist Tom Warren, Spencer shed more light on the subscription\u2026","rel":"","context":"In &quot;Technology&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":109500,"url":"https:\/\/harchi90.com\/phil-spencer-hints-at-future-xbox-console-game-and-subscription-price-increases\/","url_meta":{"origin":108208,"position":5},"title":"Phil Spencer hints at future Xbox console, game and subscription price increases","date":"October 27, 2022","format":false,"excerpt":"Microsoft's head of gaming Phil Spencer has suggested that Xbox consoles, games and subscriptions may increase in price in the future.Speaking at WSJ Tech Live, the Xbox boss discussed the console's price point, as well as the prospect of charging $70 for games \u2013 something most third-party publishers (and rival\u2026","rel":"","context":"In &quot;Technology&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"fifu_image_url":"https:\/\/assets-prd.ignimgs.com\/2022\/04\/04\/xbox-series-x-5-1649079474357.png?width=1280","_links":{"self":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/108208"}],"collection":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/comments?post=108208"}],"version-history":[{"count":0,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/108208\/revisions"}],"wp:attachment":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/media?parent=108208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/categories?post=108208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/tags?post=108208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}