Today, Microsoft released her for the third quarter of 2016, period ended March 31 financial report. In general, analysts expected the company to generate $21.6 millions, but its revenues were $20.5 millions.
As relates to video games, the company grew revenue 9%, thanks to sales of Minecraft. However, the Xbox division suffered a drop of 26%, principally because of two factors. The first is the continuing decline of the Xbox 360 and the second are price reductions for Xbox One.
Indeed, yesterday Microsoft announced it would stop producing the Xbox 360 console last November that turned 10 years on the market.
A few months ago, the company said it would stop reporting the number of consoles sold and instead would focus on the engagement of its members. However, third-party reports suggest that players on Xbox One are approximately 19 million.