Microsoft has revealed its figures for the first (financial) quarter of 2013, and they don’t make pretty reading for investors. Despite reasonable sales of 1.7 million consoles in the three month period, that’s actually down from 2.3 million in the same period last year.
Likewise, revenue for the Xbox 360 dropped over $400 million (that’s about 24$ down, year on year) and operating income fell to just $19 million, down 94%.
Microsoft cite a lack of big AAA games in the comparable time period. “Video game revenue decreased primarily due to the release of Gears of War 3 in the first quarter of fiscal year 2012 with no comparable major releases in the first quarter of fiscal year 2013,” said the company.