Microsoft CEO Satya Nadella revealed that the Xbox Series X and S are still doing well for the company; and the console remains the best-selling generation in its history.
As IGN reports, Microsoft CEO Satya Nadella reaffirmed on an earnings conference call that the Xbox Series X and Xbox Series S are the fastest-selling consoles in the company’s history. Already at the beginning of the year, we reported that the sales of this new generation had reached records in terms of copies sold; thus surpassing the sales of the Xbox 360 or the Xbox One.
While they obviously didn’t outsell the Xbox One or Xbox 360; both consoles are selling faster than those two did in the same period after their respective launches.
The fastest-selling Xbox consoles ever are the Xbox Series X|S
During his conference call, Satya Nadella also announced that Xbox has been the market leader for next-gen consoles for the past three quarters, meaning the console has outsold the PS5 since the start of 2022. Indeed, in February 2022, we already hot a report that sales of the Xbox Series exceeded those of the PS5 for the first time in the European market.
Recently, Sony saw its PS5 sales collapse in Europe; leaving the field open to Nintendo’s Switch, but especially to Microsoft’s Xbox. According to Gamesindustry, Sony’s latest console is already showing 44% less sales compared to last year; in particular because it is now much easier to obtain a Microsoft console.
Sony is however not the only one to go through a bad period. According to the company’s fiscal 2022 earnings report, Microsoft’s gaming revenue was down 7% ($259 million); compared to trends in the same period of fiscal 2021. In addition, hardware revenue fell 11% and Xbox content and services revenue plunged 6% . In question, we can cite the supply constraints due to the COVID-19 pandemic, which have not yet been fully corrected. Moreover, the consoles have been on the market for almost 2 years now, and the initial enthusiasm has largely waned.