Xbox Revenue Falls 10% in Q4 as Hardware Sales Also Slide 14%

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Microsoft's latest fourth-quarter earnings report revealed a 10% drop in Xbox content and services revenue, including Game Pass subscriptions, alongside a 14% decline in hardware sales. The results mark another difficult quarter for the Xbox division. The news follows Xbox head Asha Sharma's recently announced 'reset' plan, which involved significant layoffs and the spin-off of four game studios, including Compulsion Games and Double Fine Productions. Sharma has also introduced other changes to the division, such as lowering Game Pass prices. Meanwhile, Microsoft's broader cloud and AI business continued to grow strongly during the same period.

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