During the financial earnings call yesterday, Microsoft revealed that they sold 1.1 million consoles in the last quarter. The surprising thing is that Microsoft didn’t offer specific numbers on how many of them were Xbox One. Microsoft also revealed that Xbox platform revenue increased 14% due to more hardware sales than last year. Microsoft CFO Amy Hood said that after they released the new Xbox One offering, they are pleased with the response. At E3, they reasserted their focus on games, with blockbuster titles and key exclusives coming this holiday. With the progress Microsoft is making in channel inventories, the new markets for Xbox One, and our exciting game lineup, Microsoft feel well positioned heading into the holiday season.
CEO Satya Nadella commented the following on Xbox,
I want to make a few comments on Xbox.
It’s important for us to have a core that is thriving. It’s equally important to place smart, bold bets in other areas where we have the ability to add value and have impact.
That’s what we’re doing with Xbox.
We made the decision to manage Xbox to maximize enterprise value with a focus on gaming. Gaming is the largest digital life category in a mobile first, cloud first world. It’s also the place where our past success, revered brand and passionate fan base present us a special opportunity.
With our decision to specifically focus on gaming we expect to close Xbox Entertainment Studios and streamline our investments in Music and Video. We will invest in our core console gaming and Xbox Live with a view towards the broader PC and mobile opportunity.