· Operating income was $19.1 billion and increased 42%
· Net income was $16.5 billion and increased 47%
· Diluted earnings per share was $2.17 and increased 49%
Gaming revenue increased $357 million or 11% driven by growth in Xbox hardware, offset in part by a decline in Xbox content and services. Xbox hardware revenue increased 172% driven by higher price and volume of consoles sold due to the Xbox Series X|S launches. Xbox content and services revenue decreased $128 million or 4% driven by a decline in third-party titles on a strong prior year comparable that benefitted from stay-at-home scenarios, offset in part by growth in Xbox Game Pass subscriptions and first-party titles.
I’ve been pretty lucky with my Microsoft stock in my IRA, but I was on a financial advisory board at my college and had convinced them to buy a good bit at around 25 /share. Just wishing I had been able to as well…
Yes, we are talking across the same launch to date relative time period for all previous generations. But again when you consider the chip shortage and honestly the fact that they are only getting the first party games rolling in the second half of this year it is pretty crazy and shows that gas can be put onto this fire still going forward.
If Xbox Series X|S is seriously such a success for Microsoft then would be nice to see finally some official numbers of sold consoles and some chart comparison with Xbox 360 and Xbox One with keeping in mind that previous consoles didn’t launched worldwide like Xbox Series X|S. Eastern Europe had to wait one year for Xbox 360 and Xbox One.