Xbox console sales are down as services take over

Xbox console sales are down as services take over

Microsoft While Xbox continues to grow its software and content business thanks to the Activision Blizzard acquisition, the hardware side isn’t doing quite as well. That’s according to Microsoft’s fourth-quarter financial report released Tuesday, which revealed that Xbox’s hardware revenue dropped by 42% compared to this time last year. It didn’t reveal exact numbers, but … Read more

Best Buy Sales Drop, JLL Posts 818% Net Income Growth in Q1 As HP Focuses on AI PCs

Best Buy Sales Drop, JLL Posts 818% Net Income Growth in Q1 As HP Focuses on AI PCs

Today, consumer electronics retailer Best Buy (NYSE: BBY) posted a year-over-year (YoY) drop in overall sales to $8.84 billion for the quarter ending May 4, from $9.46 billion the year prior. The retailer’s comparable sales declined by 6.1%, attributable to high living and borrowing costs. Despite a downward trend in inflation, it remains a top … Read more