Microsoft’s fiscal fourth quarter earnings report mostly contained good news for the Xbox department. While 2021’s slow release calendar has created a sluggish…
Microsoft’s fiscal fourth quarter earnings report mostly contained good news for the Xbox department. While 2021’s slow release calendar has created a sluggish market for third-party games, Xbox reported continued growth on hardware sales and Xbox Game Pass subscriptions. The $3.7 billion is still higher revenue overall than was disclosed in Microsoft’s Q3 report. Microsoft is also heading into a killer holiday season, buoyed by the imminent release of Halo Infinite. For now, however, the last year and a half of meteoric growth for the video game industry appears to be tapering off. Microsoft notes in its report that last year’s big numbers were driven in large part by stay-at-home scenarios, when entertainment-starved customers in social quarantine turned to video games to fill some of the gap. Now that at least some parts of the world have relaxed restrictions, home-based activities like video games are slowing down.
