Microsoft earnings soar thanks to Activision Blizzard while Xbox sales keep declining
After some issues last year, Microsoft finally acquired Activision Blizzard. This brought numerous benefits, including an increase in the company’s annual income to over 20 percent. But Xbox console sales have not increased for two years straight. This was all part of the latest financial report.
Microsoft released the financial reports for this quarter, which ended on March 3, revealing an income of $61.9 billion, an increase of 17 percent from the same period last year with a net income of $21.9 billion. This means thanks to the Activision Blizzard acquisition, the company has now experienced 20 percent year-on-year growth.