Microsoft reports sinking Xbox revenue as its cloud business climbs

Microsoft reported a 33 percent decline in Xbox hardware revenue, alongside a 5 percent drop in content and services, though its cloud and productivity businesses drove overall revenue to $82.9 billion. This shift highlights the diminishing focus on gaming hardware and the growing importance of cloud services for tech companies. The departure of key executives like Phil Spencer signals potential changes in Microsoft's strategic direction.

Read the full article at The Verge

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