GAMESMachine Translated summary
Microsoft Xbox revenue declines 7% in fiscal year 2026 amid hardware struggles
Microsoft reported a 7% decline in Xbox revenue for fiscal year 2026, with hardware sales falling approximately 30% year-over-year. Xbox executives, including CEO Asha Sharma, have announced plans to pivot the division toward more profitable ventures and expect a recovery by summer 2027, though the unit continues to struggle despite growth in the broader gaming audience.
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Xbox CEO Asha Sharma calls for rapid growth after a bad year for Xbox in a new memo. Heading into 2028 and 2029, the plan is to "move into businesses producing meaningful player val...
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What we know
- Xbox revenue dropped $1.7 billion or 7% for the full fiscal year 2026
- Hardware sales declined roughly 30% year-over-year, representing the largest drag on the division
- Xbox executives acknowledge the business failed to grow in line with overall audience expansion
- CEO Asha Sharma outlined a strategy targeting rapid growth and profitability in 2028 and 2029
- The company expects a bounce-back by summer 2027 after recent layoffs and restructuring
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