That’s pushed Microsoft’s overall gaming revenue up 51 percent, and it has reached $5 billion for the first quarter ever. Gaming has been incredibly popular throughout 2020, and many have clearly turned to Xbox Game Pass and services like xCloud during the pandemic. Xbox content and services revenue has also increased by 40 percent compared to the same quarter last year. While both debuted toward the end of the quarter (November 10th), Microsoft says hardware revenue has grown 86 percent, thanks to the next-gen consoles. This is the first quarter of sales of Microsoft’s Xbox Series X and Series S consoles. Windows OEM revenue overall, including pro licenses, grew 1 percent in total, likely because of the strong prior Windows 7 upgrade schedule for businesses. Windows OEM non-pro revenue has grown by 24 percent for Microsoft, reflecting the demand from consumers. The pandemic has impacted the way a lot of people work or learn, and many have turned to laptops to continue remotely. The PC market just had its first big growth in 10 years, with around 300 million shipments of devices during 2020. We saw some impressive growth for Surface, Xbox, and cloud-related services in Microsoft’s previous quarter, and it’s very much the same this time around. Revenue is up 17 percent, and net income has increased by 33 percent. Microsoft posted the second quarter of its 2021 financial results today, reporting revenue of $43.1 billion and a net income of $15.5 billion.
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