Microsoft reports sinking Xbox revenue as its cloud business climbs
Microsoft’s Xbox hardware revenue continues to tumble, with the company revealing a 33 percent decline as part of its earnings report released on Wednesday. …
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Xbox revenue drops 10 percent as Microsoft’s cloud and AI business surges
… Microsoft 365 Copilot also reached more than 30 million paid seats and Azure revenue hit more than $100 billion for the first time. But Xbox wasn’t Microsoft’s only segment on the decline. …
AMD’s data center business is booming while gaming takes a backseat
… On a call after the earnings were released, Su told analysts that, “Gaming graphics revenue also declined year-over-year, as higher industry-wide component costs contributed to higher graphics card prices and weighed on overall demand.” Image: https://platform.theverge.com/wp-content/uploads/sites/… …
Qualcomm is raising phone chip prices starting September 1st
… As smartphone revenue declines, it seems Qualcomm’s planning to become a tripod of handset, data center, and automotive — it said today that soon only half of its revenue will come from phones, and only one-third will be from phones by 2029, as its data center and automotive businesses ramp. …
SpaceX made more revenue as an AI company than a space company
… Space had $962 million in revenue this quarter, and SpaceX remained the biggest user of SpaceX rockets. The Starlink service had $4.2 billion in revenue. …
Sony’s PS5 sales plummet amid price rises and a memory crisis
… Microsoft recently revealed its Xbox hardware revenues plummeted 33 percent year over year. Along with declining Xbox hardware revenue, Microsoft also reported a 5 percent drop in Xbox content and services. …
Meta lost 20 million users last quarter
… In an earning call on Wednesday, Meta reported that figures for “Family daily active people” — the term Meta has coined for all collective users of Facebook, Instagram, WhatsApp, or Messenger — declined by 20 million this quarter compared to the previous three months. …
Xbox warns of a ‘reset’ as it prepares for layoffs
… Sharma and Booty pointed to difficult challenges the business is facing. “Excluding Activision Blizzard King, over the past five years, we have spent over $20 billion on ongoing investments in our content, platform, and hardware subsidy, but our annual revenue has declined nearly half a billion dur… …
Nintendo is raising Switch 2 prices
… The company is now forecasting it will sell 16.5 million Switch 2 units in FY27 and predicts that an approximately ¥100.0 billion hit to its revenue is still to come. …
Anthropic’s Mythos mess is only getting worse
… Anthropic declined to comment multiple times this week about the state of the talks, saying there was no news to share. …