Yesterday Microsoft’s CEO Satya Nadella disclosed the company’s earnings for the fiscal year end Q4 for 2017. The company recorded a slow but steady increase in revenue from its Xbox division. The company’s gaming revenue increased by $44 Million in the past 3 months which is a 3% year over year increment.
The company’s Hardware revenue for Xbox saw a drop by 29% but due to the lower cost alternatives like the Xbox One S and other consoles helped Xbox software and services to show an increase in revenue by 11% which highlights the bump in the company’s subscription transactions with Xbox Live.
The company has managed to increase the number of Xbox Live users to 53 million, but the company has lot of catching to do when compared to the sales of Sony’s stellar PS4 lead. Slowly the company is building a good foundation for a transition in gaming where subscription services are given more importance than device.