Xbox hardware sales in continued Slump as Microsoft announces Q4 figures
gamesradar.comMicrosoft has announced its Q4 revenue figures for the financial year 2023, and Xbox hardware sales are down 13% year-on-year compared to the same three-month period. This follows a Q3 report back in April that showed hardware sales being down 30% compared to the first three-quarters of FY22.
Overall, Microsoft's experienced an 8% rise in total revenue, with a 1% increase coming from its overall gaming profits, which will include Game Pass subscriptions and software sales. In fact, Xbox Series X games and services grew by 5%.
On a more optimistic note, Microsoft has stated that it reached a record number of monthly active users on the Xbox platforms during the last quarter, with total hours played rising by 22%.
For those who want to dive into what those revenue percentages equate to: total revenue for Q4 (ie, the figure that's up 8% year-on-year), which is the three months ending June 30, is up to $56.2 billion.
Total revenue for the whole FY23 (which is up 11%), grossed $211.9 billion. Of course, this is all amid a series of international legal battles as Microsoft attempts to buy Activision Blizzard for $68.7 billion.
These numbers come courtesy of GamesIndustry.biz, which reported in April that Q1 Pc and console game sales were down 11% across Europe despite an increase in hardware supply compared to the last few years. This is most likely due to widespread cost of living crises but certainly speaks to a portion of Xbox's slumped hardware figures.
Meanwhile, the PS5 had reportedly sold a total of 32 million units as of February of 2023, selling 7.1 million units in the three months ending December 31, 2022, according to VGC. In comparison, the Xbox Series X and S reportedly reached 21 million units sold by July 3 of
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