New Xbox consoles, Minecraft, and Game Pass drive huge growth for Microsoft

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Xbox Series X/S consoles saw hardware revenue grow by a massive 232%, and Minecraft users hit 140 million.

Microsoft’s new Xbox consoles and growing game library have contributed towards the company’s $41.7 USD billion revenue during Q3 of the 2021 financial year, a strong increase over the same period last year.

In the period beginning January 2021 and ending 31 March, Microsoft’s gaming division saw a large revenue increase of 50 percent. There are several factors contributing towards this rise, which encompasses all things Microsoft handles in the videogames space, including consoles, software, and subscription services.

Following the launch of the Xbox Series X and Xbox Series S consoles in November last year, Xbox hardware revenue grew 232 percent. A specific figure of units shipped was not mentioned, however. Both Xbox consoles, in addition to Sony’s PlayStation 5, continue to face ongoing stock problems due to component shortages, not to mention ethical issues surrounding aspects of the supply chain.

Chris Button

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