Xbox revenue drops 10 percent as Microsoft’s cloud and AI business surges
Xbox is having yet another tough quarter, as revenue from Game Pass subscription and other services dipped 10 percent over the past few months. At the same time, Xbox hardware sales declined 14 percent, according to Microsoft's fourth-quarter earnings report released on Wednesday.
The news comes just weeks after Xbox head Asha Sharma announced a "reset" plan for Xbox that included sweeping layoffs and the sale of four games studios. Xbox also plans to raise the prices of its consoles by $100 and more starting August 1st.
Meanwhile, Microsoft has ramped up efforts in AI. Its cloud business revenue soared 27 percent to $59.3 billion this qua …
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