Microsoft's results for the quarter to 30 Sep, released on 28 Oct US time, show Xbox revenue of US$5.38 billion, down from US$5.51 billion a year earlier. Xbox content and services revenue fell 2%. Eurogamer, Kotaku and Shacknews report that Xbox hardware revenue fell 14%.
Shacknews reports Microsoft put the content and services drop down to lower Game Pass revenue and third-party content. Xbox CEO Asha Sharma said, as quoted by Wccftech: "Console sales remain constrained by supply, with more demand than consoles available. We're working to get more consoles into players' hands, including through our expanded refurbishment program."
Wccftech also reports that Microsoft expects Xbox hardware revenue to fall again this quarter.
Sources: Microsoft Investor Relations · Eurogamer · Kotaku · Shacknews · Wccftech