Xbox Hardware Revenue Rises As Microsoft Reports Record Revenue

Microsoft posted record profits this quarter, including a boom in its gaming industry, where revenues grew 51%. The company as a whole posted record revenue of $ 43.1 billion.

As with the past few quarters, profits have been driven by Microsoft’s cloud platform, but that doesn’t mean there haven’t been other successful companies.

Hardware Growth Fastest with Launch of Xbox Series X | S. Microsoft says the gaming hardware segment grew 86% thanks to the new hardware, although the company did not share exact numbers.

Meanwhile, Microsoft reported that revenue grew 51% overall in games, with Xbox content and services revenue up 40%. Growth was attributed to third-party titles, Xbox Game Pass memberships, and proprietary titles.

According to Microsoft CEO Satya Nadella, during the conference call, Xbox Game Pass now has 18 million subscribers. The numbers also don’t take into account Microsoft’s acquisition of Zenimax, which is expected to close later this year.

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News of Microsoft’s successful quarter drove Microsoft shares higher. The success of the company is of course based on a wide range of products and offerings, not just games. Microsoft’s lineup includes software, applications, personal computers, and more. while the R&D department is embarking on projects such as putting servers under water.

For more, check out IGN’s Xbox Series X review, Xbox Series S review, and details on a new Halo Infinite news drop later this week.

Matt TM Kim is a reporter for IGN. You can reach him @lawoftd on Twitter.