THE COMPANY SUGGESTS THAT “SIGNIFICANT DEMAND” FOR CONSOLES WILL BE DIFFICULT TO MEET
A Microsoft said he expects the supply problems of the Xbox Series X/S continue in the coming months.
During the company's third-quarter earnings call on Tuesday, Chief Financial Officer Amy Hood provided an outlook on Microsoft's gaming business for the fourth quarter ended June 30, 2021.
“In gaming, we expect revenue growth in the mid to high single-digit range,” she said.
“The significant demand for the Xbox Series X e S will continue to be limited by the offer.Read also
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“And in the strong comparable prior year, we expect Xbox content and services revenue to fall in the mid to high single digit range.”
Hood's comments are in line with those of Microsoft's former head of investor relations, Mike Spencer, who said in February that the supply of consoles Xbox Series X/S would likely be limited until at least June.
AMD, which makes the chips for the Xbox Series X/S and PlayStation 5 , also said in late January that it expected supply issues through the first half of 2021.
Microsoft reported an increase in quarterly revenue from its gaming business on Tuesday following strong demand for Xbox content, services and hardware.
Boosted by the launch of the Xbox Series X/S in November 2020, the division's third-quarter revenue increased 50% year-over-year to $3,53 billion.
Xbox content and services revenue increased 34 percent “driven by the strength of third-party titles, Xbox Game Pass and titles of third parties”.
And Xbox hardware revenue increased 232 percent “driven by continued demand for the Xbox Series X/S".