While Xbox hardware sales have declined, gaming revenue has slightly increased due to the growth of Game Pass.
Microsoft’s Xbox gaming console hardware has been declining in sales in recent years. However, the company’s gaming revenue is still increasing, and this is due to the growth of the subscription-based Game Pass service.
According to recent data, Microsoft’s gaming revenue increased by 2% in the past three months. This increase is due to the growth of Xbox Game Pass and an increase in demand for Microsoft’s big-budget games.
Game Pass is a subscription service that offers subscribers a variety of games for a monthly fee. Xbox users can download and play hundreds of games with a Game Pass subscription. This allows users to play more games by paying a subscription fee instead of purchasing games individually.
Demand for Microsoft’s big-budget games is also increasing. Especially, Forza Horizon 4 and Minecraft, which are popular among Xbox users, have recently received major updates and expansions. Additionally, new games are also set to be released. For example, highly anticipated games such as Microsoft Flight Simulator and Halo Infinite for Xbox and PC will be released this year.
These data show an increase in gaming revenue despite a decline in Xbox hardware sales. Microsoft plans to sustain this increase by continuing the growth of Game Pass and meeting demand with their big-budget games.
