Xbox revenue falls 2% as hardware revenue drops 14%

Microsoft reported that Xbox revenue declined 2% year-over-year for the fiscal quarter ending September 30. This represents an improvement over the 10% decline seen in the previous quarter, according to Xbox CEO Asha Sharma. Hardware revenue fell 14% during this period. Sharma says the drop is largely due to supply constraints, noting that there is more demand for consoles than there are units available. To help meet this demand, the company is expanding its refurbishment program and working to increase production.

Image: GamingBolt

Despite the hardware decline, Sharma says PC platform revenue grew by double digits. She also noted that Minecraft Dungeons 2 and World of Warcraft Forever set records, and Call of Duty: Modern Warfare 4 received critical praise.