Microsoft notes decline in Xbox unit sales for Q3 FY15 to 1.6 million
Microsoft reported its Q3 FY15 earnings today, citing growth in Xbox Live usage as one of the contributing factors to the firm’s reported revenue. However, the firm noted a decline in units sales for its Xbox consoles during the quarter.
The firm said the 30% growth in the Xbox Live service was “driven by increased users and deeper user engagement” and contributed to company wide revenues of $21.7 billion. Xbox Live users increased by 18%.
Xbox Platform revenue decreased $306 million or 24%, driven by a 20% decline in console volume and lower prices of Xbox One consoles compared to the prior year. The firm moved 1.6 million Xbox consoles during Q3 compared with 2 million year-over-year.
For the nine months ended March 31, compared to the same period in 2014, Computing and Gaming Hardware revenue increased $499 million or 6%, primarily due to higher revenue from Surface, offset in part by lower revenue from Xbox Platform.
Xbox Platform revenue decreased $471 million or 8%, driven by lower prices of Xbox One consoles compared to the prior year, as well as a decrease in second and third-party video games revenue.