Microsoft reports sinking Xbox revenue as its cloud business climbs

Source: The Verge

Xbox revenue decline

• Xbox hardware revenue fell 33% in the latest earnings report released on Wednesday.
• Xbox content and services revenue dropped 5%.
• The division has experienced notable executive turnover, including the retirement of Xbox chief Phil Spencer and the departure of the former Xbox president.

Cloud and productivity growth

• Microsoft’s cloud and productivity businesses continue to grow strongly, helping the company move toward $82.9 billion in total revenue.

Read the full story at The Verge