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Franca Quarneti

Microsoft Q4 Earnings Reveal Decline In Xbox Hardware Revenue, While Sony’s PlayStation Sales Soar

Xbox Microsoft Sony PlayStation

Microsoft Corporation‘s (NASDAQ: MSFT) Xbox reported a 13% decline in hardware revenue for the fourth quarter and the full fiscal year ending June 30 due to lower console sales compared to 2022.

Yet gaming revenue increased by $36 million, driven by growth in Xbox content and services like Game Pass and third-party content, IGN reports.

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