The Xbox Series X and Xbox Series S are officially the fastest-selling Xbox consoles ever, according to Microsoft CEO Satya Nadella.
This news came as a part of the company’s earnings call today, during which Microsoft announced that it had now sold more X and S consoles life-to-date than any other previous Xbox console generation, with demand for the consoles continuing to exceed available supply. Supply limitations on Xbox and other gaming hardware are expected to continue for some time due to an ongoing chip shortage, with Intel’s CEO saying the shortage could drag on even into 2023.
Alongside this news, Nadella reiterated the company’s recent commitment to being “all-in on gaming,” something he said in June alongside the announcement that the company would work with global TV manufacturers to embed Xbox gaming directly into internet-connected TVs.
Microsoft’s earnings today included a smattering of other Xbox tidbits. The company’s gaming revenue in its most recent financial quarter was up $357 million or 11% year-over-year, driven largely by sales of Xbox consoles. Specifically, hardware sales were up 172% year-over-year, which makes sense given that Microsoft wasn’t selling a new console this year, and now they are.
This lift was offset somewhat by Xbox content and services revenue being down $128 million or 4% thanks to fewer third-party games coming out in the most recent quarter, whereas game revenues were strong by comparison to last year due to stay-at-home mandates.
Unfortunately, Microsoft did not provide an update on Game Pass subscriber numbers during the call. It does project “low double-digit” growth for Xbox gaming revenue in the coming quarter, and that Xbox consoles will continue to experience supply constraints.
Rebekah Valentine is a news reporter for IGN. You can find her on Twitter @duckvalentine.
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