// THE VERGE — INTELLIGENZA ARTIFICIALE
Xbox revenue drops 10 percent as Microsoft’s cloud and AI business surges
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Cloud revenue soared to $59 billion, while Xbox services and hardware sales took a hit.
Cloud revenue soared to $59 billion, while Xbox services and hardware sales took a hit.
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Xbox is having yet another tough quarter, as revenue from content and services like its Game Pass subscription dipped 10 percent over the past few months. At the same time, Xbox hardware sales declined 13 percent, according to Microsoft’s fourth-quarter earnings report released on Wednesday.
The news comes just weeks after Xbox head Asha Sharma announced a “reset” plan for Xbox that included sweeping layoffs and the spinoff of four games studios, including South of Midnight developer Compulsion Games and Psychonauts creator Double Fine Productions.
Sharma has also made some other big changes to Xbox, including lowering GamePass prices, testing free, ad-supported cloud gaming, and making Gears of War: E-Day and Clockwork Revolution Xbox exclusives. Xbox also plans to raise the prices of its consoles by $100 and more starting August 1st.