Microsoft Corp. today announced the following results for the quarter ended September 30, 2015:
- Revenue was $20.4 billion GAAP, and $21.7 billion non-GAAP
- Operating income was $5.8 billion GAAP, and $7.1 billion non-GAAP
- Net income was $4.6 billion GAAP, and $5.4 billion non-GAAP
- Earnings per share was $0.57 GAAP, and $0.67 non-GAAP
For the Xbox division they noted that gaming revenue increased slightly, as growth in revenue from Xbox Live and video games was offset in part by lower Xbox hardware revenue. Xbox Live revenue increased 17%, driven by both higher volumes of transactions and revenue per transaction. Video games revenue grew 66%, driven by sales of Minecraft. Microsoft acquired Mojang AB, the Swedish video game developer of the Minecraft gaming franchise, in November 2014 and it has proved to be very successful at driving growth in software sales for the company. However Xbox hardware revenue decreased 17%, mainly due to lower volumes of Xbox 360 consoles sold.
Xbox Live active users also grew from 30 million as of September 30th 2014 to 39 million as of September 30th 2015. Please note that this is a monthly active users figure and is not representative of the number of Gold subscribers or the number of registered subscribers which has exceeded 50 million.
We previously estimated that the Xbox One had sold in over 14 million units worldwide as of June 30th 2015 based on publicly available data and internal estimates. Microsoft have chosen to no longer report total Xbox shipments but they did let us know that hardware revenue decreased 17%, mainly due to the lower number of Xbox 360 consoles sold. In this case I would expect that Microsoft shipped less than the 2.4 million combined units they sold during this quarter last year and whilst it’s hard to pinpoint an exact number it’s fairly clear that Microsoft are still on track to hit our forecasted 20 million plus shipments for Xbox One by the end of the year.
You can see historical shipment data below-
Microsoft Xbox 360 Hardware Shipments
Microsoft Xbox One Hardware Shipments
Microsoft Xbox One and Xbox 360 combined Hardware Shipments
Sony will be releasing their report along with Nintendo next week. Sony’s PlayStation 4 has shipped 25.3 million units as of June 30th 2015 and are forecasted to hit 38.8 million by March 31st 2016. Nintendo on the other hand have only shipped 10.01m Wii U’s as of June 30th 2015, despite having a year head start over the PS4 and XB1, and are forecasted to hit 12.94 million by March 31st 2016.