It’s another record quarter for Microsoft’s gaming segment, mostly because it is, unsurprisingly, selling a lot of expensive consoles to people.
Microsoft has reported its earnings for Q1 of fiscal year 2022, and buried among the many non-gaming numbers is a note that its gaming revenue for the quarter was up $501 million — or 16% — from the same period last year. Checking out the prior year’s paperwork and doing some math puts last year’s Q1 at around $3.1 billion, and this year’s Q1 at $3.6 billion, a number that appears to be a new record in revenue for Microsoft’s gaming division.
These gains are by and large driven by lots and lots of Xbox hardware sales, which were up 166% from the same quarter last year. Keep in mind that last year’s Q1, while also a record quarter, was largely software and Game Pass-driven. Microsoft wasn’t selling a lot of consoles then because the Xbox…
