Xbox hardware revenue is in decline, but Microsoft says subscriptions and content define success

Microsoft has fired out its fiscal report for the full-year ended June 30, 2024, and the tech maker has reported another downturn in Xbox hardware revenue.Xbox hardware revenue decreased by 42 percent year-over-year during Q4. As noted in a separate 10-K filing, that resulted in full-year Xbox hardware revenue tumbling by 13 percent year-over-year, "driven by lower volume of [Xbox] consoles sold."That trend looks set to continue into the current fiscal year, with Microsoft CFO Amy Hood stating "hardware revenue will again decline year-over-year" during an earnings call.Xbox content and services revenue provided some balance, increasing by 61 percent year-over-year in Q4–driven by 58 points of net impact from Microsoft's seismic Activision Blizzard acquisition.Rev…

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