The lights are on
Microsoft has announced its company-wide first quarter 2014 financial performance. The company saw a decrease of 3 percent in operating income to $6.4 billion, but significant revenue amounting to $18.6 billion (up 7 percent year-over-year).
As Microsoft prepares for the release of the Xbox One in just under a month, the company is reporting a decrease in Xbox 360 sales from 1.7 million units last year during this quarter to 1.2 million units (29 percent decrease).
By contrast, Xbox Live transactional revenues are up 25 percent. Microsoft's Surface tablets contributed $400 million to the segment it shares with the Xbox brand.
Our TakeDecreases in Xbox 360 sales are to be expected. The significant uptick in Xbox Live transactions is good news for Microsoft, which originally wanted to push more of its next-generation revenue in that direction.
Depending on how smoothly the launch goes next month and how quickly digital purchasers are able to get their games downloaded, this number could skyrocket quickly. If so, Microsoft might get to quietly realize its digital vision without the uproar caused earlier this year.
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That's a significant drop, but still not too shabby considering you have a brand new console on the way. I almost expect the number to increase just slightly with all of the 360 bundles being released this holiday with Halo and Tomb Raider.
its to be expected with a new console around the corner i think.
No surprise, next gen is almost here.
hell yeah not to much more time!
With the XB1 on the horizon, shouldn't this be expected?
This isn't surprising. With next gen literally right around the corner, a decrease in current gen sales is to be expected.
That ain't no surprise since their new console is releasing in less than a month. Ain't no surprise at all...
Not bad for Microsoft's second generation console...
This is not a surprise since the xbox one releases soon.
Good to know the industry remains predictable in so many aspects.
Where can I find information about game sales and hardware sales for video game related companies?