The Xbox One is Doing Better Than You May Think

The Xbox One is Doing Better Than You May Think

Hey, everyone. What time is it? Time for game companies to disclose their yearly earnings for the fiscal year ending on March 31, 2018! We already heard from Sony and Nintendo; now it’s Microsoft’s turn to step into the spotlight and show us how its plucky Xbox One is doing.

You might be surprised to learn Microsoft’s Xbox Division is making a decent profit. According to Microsoft’s published report, “Gaming revenue increased 18% (up 16% in constant currency) driven by Xbox software and services revenue growth of 24% (up 21% in constant currency) mainly from third party title strength.”

That’s positive news for the Xbox One. Moreover, Microsoft’s numbers probably don’t include the full strength offered by the success of Rare’s Sea of Thieves, which came out on March 20. Sea of Thieves is the fastest-selling new IP of this current console generation.

Microsoft still needs more good first-party support, but for now, third parties are serving the Xbox One well.

The Xbox One can stand to have a couple more Sea of Thieves-level first-party IPs under its belt, but for now, it’s coasting by just fine on third-party releases. And even if the Xbox One was tanking, Microsoft’s other products and services, especially its Intelligent Cloud and Office 365, are doing gangbusters. Overall, Microsoft is reporting $26.8 billion and net income of $7.4 billion for the quarter ending March 31, which is a 16% increase for year-on-year revenue and a 35% increase for year-on-year income.

As for the other industry giants, Sony is making gobs of money with the PlayStation 4 (though its audience is starting to plateau a little), and the Nintendo Switch is flying like a bird (maybe an Albatoss). So, we’ve got good news all around. A healthy game industry is a happy game industry.

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