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Xbox 2016 First Quarter Earnings Report Released Today

Xbox 2016 First Quarter Earnings Report

Today, Microsoft reported the earnings for the quarter that just ended on March 31.

So, how did the Xbox division do?

Xbox One and 360 sales fell by 26 percent during the quarter. Microsoft attributed the downturn to fewer 360s sold and lower prices on the Xbox One. This past March dropped $50 off the price of the Xbox One. However, that price only lasts through April 30.

On the flipside, Xbox Live revenue went up by 22 percent. The growth was attributed to more Live subscribers and a rise in money spent per transaction and more digital purchases overall.

Microsoft also reported that overall gaming revenue had risen by $64 million, a 4 percent rise over the same period last year.

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