Lack of Big Releases Contributes to Declining Sales for Xbox

Lack of Big Releases Contributes to Declining Sales for Xbox

Lack of Big Releases , Contributes to Declining , Sales for Xbox.

On January 25, Microsoft posted its Q2 earnings, which showed a year-over-year decline.

Following years of rising revenue, Microsoft saw sales of its Xbox Series X and S slow down a bit in Q2.

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IGN reports that while a dip is to be expected, a major contributing factor has been a lack of major first-party releases.

IGN reports that while a dip is to be expected, a major contributing factor has been a lack of major first-party releases.

Year-over-year, game sales and hardware revenue were down 13%.

Meanwhile, revenue from Xbox content and services was down 12% in Q2.

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According to Microsoft, the dip is due to decreased spending on first-party content, lower monetization and a strong prior year by comparison.

According to Microsoft, the dip is due to decreased spending on first-party content, lower monetization and a strong prior year by comparison.

IGN reports that 2021 was a hard year for Microsoft to compete with, considering the major release of 'Halo Infinite' and surging demand for the Series X and S.

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IGN reports that 2021 was a hard year for Microsoft to compete with, considering the major release of 'Halo Infinite' and surging demand for the Series X and S.

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Last week, Microsoft announced that it had laid off 10,000 employees, including a number of people from The Coalition, 343 Industries and Bethesda.

Last week, Microsoft announced that it had laid off 10,000 employees, including a number of people from The Coalition, 343 Industries and Bethesda.

According to Microsoft, the layoffs are cost-cutting measures in the face of an ongoing recession and slowing consumer spending.

IGN reports that it remains to be seen how the job cuts may impact future first-party game production within Xbox.