Microsoft just posted its first quarter fiscal report. The company generated revenue of $20.5 billion and profits of $4.7 billion in the last three months. Gaming revenue fell by 5% to $1.9 billion due to the company lowering the price of their new console and less Xbox 360 sales. Despite the hardware revenue, the Xbox Live active user count went up to 47 million in the recent quarter, up from 39 million a year ago. Active users refer to the people who use Xbox Live, not just accounts.
Surface revenue hit $926 million in the quarter, up 38% from $672 million last year. Microsoft’s impressive earnings helped the company hit an all-time high stock price in early after-hours trading. Microsoft’s stock jumped above $60, for the first time since December 1999.
Source: The Verge
Asher is a games journalist, former News Writer (Gaming) at Windows Central. They contributed 1110 articles to ICXM between 2015–2017, focused on opinion pieces, game reviews, Windows and PC, and Xbox news: wrote over 1,100 ICXM pieces on Xbox news, hardware reviews, and platform commentary before joining Future plc’s Windows Central in 2017.