Xbox Slump Deepens as Microsoft Foresees More Declines Ahead

1 min read
Source: GameSpot
Xbox Slump Deepens as Microsoft Foresees More Declines Ahead
Photo: GameSpot
TL;DR Summary

Microsoft reported strong overall earnings, but Xbox revenue fell 7% in gaming, with hardware down 33% and content/services down 5%, and it forecast continued declines into Q4 due to weak console sales and a Game Pass price cut. Forza Horizon 6 is scheduled for May 19 on PC and Xbox Series X|S, while executives highlighted record monthly users and streaming hours as they seek to win back players and improve margins.

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