Microsoft Spins Xbox 360 Sales over Slow Xbox One
"Xbox 360 sales exceeded our expectations this quarter..."
Microsoft sold in 2.0 million Xbox "console units", including 1.2 million Xbox One consoles to retail during three months to March 31st 2014. It has also seen a rise of 17% (year on year) to Xbox Live revenues.
During the earnings call to spin up the figures Amy Hood – Corporate Vice President and Chief Financial Officer at Microsoft - spoke about lifetime sales. That is sale since November 22 2013. "Xbox One has sold in over five million units since launch, and engagement has been high with users spending nearly five hours per day on their console."
So, in the two months from 22 November 2013 and to December 31st 3,800,00 Xbox Ones were sold. From December 31st to March 31st 1,200. Even considering the launch/Xmas boost, that's seems like quite a fall off.
So, Satya Nadella, chief executive officer at Microsoft, decided to talk about Xbox thus:
"Xbox 360 sales exceeded our expectations this quarter," you bet your life they did. He continued, "Across the platform, Xbox Live members continued to embrace the service, with transactional revenue growing 17 percent. We do expect to work through some inventory in Q4."
For the good of console choice, let's hope that Titanfall drove some more sales of the console and that this is reflected in the next quarter's results.
Overall for the company revenue was $20.40 billion for the quarter ended March 31, 2014 compared with $20,489 for the same period in 2013. In the nine months to March 31st 2014 revenues were $63,451 up from $57,953 in the same period in the previous year.
Source: Microsoft
During the earnings call to spin up the figures Amy Hood – Corporate Vice President and Chief Financial Officer at Microsoft - spoke about lifetime sales. That is sale since November 22 2013. "Xbox One has sold in over five million units since launch, and engagement has been high with users spending nearly five hours per day on their console."
So, in the two months from 22 November 2013 and to December 31st 3,800,00 Xbox Ones were sold. From December 31st to March 31st 1,200. Even considering the launch/Xmas boost, that's seems like quite a fall off.
So, Satya Nadella, chief executive officer at Microsoft, decided to talk about Xbox thus:
"Xbox 360 sales exceeded our expectations this quarter," you bet your life they did. He continued, "Across the platform, Xbox Live members continued to embrace the service, with transactional revenue growing 17 percent. We do expect to work through some inventory in Q4."
For the good of console choice, let's hope that Titanfall drove some more sales of the console and that this is reflected in the next quarter's results.
Overall for the company revenue was $20.40 billion for the quarter ended March 31, 2014 compared with $20,489 for the same period in 2013. In the nine months to March 31st 2014 revenues were $63,451 up from $57,953 in the same period in the previous year.
Source: Microsoft
Companies:
Microsoft
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