Xbox Sales Profits Dominate Microsoft's Corporate Profits!
As we all know, Microsoft has recently launched its newest console, the Xbox series X and S. Of course, launching a next-gen console during a pandemic like this is a very appropriate step to dominate the market. Because, most people are reluctant to go out, so they can spend their time at home playing console games.
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Therefore, the financial statements of Microsoft companies in October to December 2020 jumped green. Launching from Twitter account Daniel Ahmad, the increase that has been printed from the gaming sector reached 51%, which is 5 billion USD (70.15 Trillion rupiah). And this profit is dominated by sales of Xbox Series hardware which reaches 86% of the gaming sector.
Some highlights from Microsoft Q2 FY21 (Oct – Dec 2020) earnings-
Xbox:
Gaming Revenue up 51% YoY ($5bn)
– Xbox Content and Services up 40% YoY, driven by 1P/3P game sales + Game Pass subs
– Xbox hardware up 86% YoY, driven by Xbox Series X|S launch. https://t.co/HNM6smdlLa pic.twitter.com/mzqrhcdrvr— Daniel Ahmad (@ZhugeEX) January 26, 2021
If fully accumulated, in the financial statements in the second quarter, Microsoft managed to reap revenue of 43.1 billion USD (604.6 Trillion rupiah) with a 17% increase from the previous quarter. In fact, they have managed to score a net profit increase of up to 33% or 15.5 USD (217.4 Trillion rupiah). Of course this happened because of the increase in Xbox sales which have dominated profits.
It should be noted that this indicates a drastic increase in market interest in the gaming industry now. In fact, this Xbox’s revenue is not much compared to the sales of the Playstation. Given the situation during the pandemic, this is very reasonable. Even so, it is true that progress in the gaming industry has seen significant progress. And it has been seen that the enthusiasm of gamers for gaming products has increased at this time.
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