Microsoft's Profits Climb 33 Percent Over Last Year's Results

Due to growing demand for cloud services, PCs and Xbox consoles.

By
Tech 
2,498 Hypes 4 Comments

Business is looking good for Microsoft as the company’s latest earnings report indicates a 33-percent jump in profits. The tech giant raked in about $3 billion USD more than what analysts expected for Q2, and it’s up 17 percent compared to the same period last year.

Microsoft’s report shows that profits didn’t just come from its cloud services, but also from sales of PC and Xbox products. There were 86 percent more Xbox consoles and 40 percent more Xbox content sales compared to last year due to the release of the Xbox Series X and S. Furthermore, the company’s More Personal Computing business climbed 14 percent higher, roughly $15 billion USD, surpassing expectations by about $1.5 billion USD. Meanwhile, sales of Windows products increased by 10 percent due to growing demand during the COVID-19 pandemic.

As demand for Xbox Series X and Series S consoles continues to grow, Microsoft has reported that supply will remain relatively short as the company tries to figure out various ways to scale up production.

In other news, Apple has been hit with its third lawsuit in Europe over iPhone performance throttling.

Read Full Article

What to Read Next

Microsoft Teases Backward Compatibility Updates For Xbox Series X/S
Gaming

Microsoft Teases Backward Compatibility Updates For Xbox Series X/S

Amongst other “exciting” new features.

Microsoft Is Seeing "Pulse Red" in Latest Xbox Series X/S Controller
Gaming

Microsoft Is Seeing "Pulse Red" in Latest Xbox Series X/S Controller

Coming with a 14-day free trial for Xbox Game Pass Ultimate.

Microsoft's Newest Xbox Wireless Headset Boasts Best-in-Class Spatial Audio
Tech

Microsoft's Newest Xbox Wireless Headset Boasts Best-in-Class Spatial Audio

Available for only $100 USD.


Microsoft and Duracell Explain Why Xbox Controllers Still Use AA Batteries
Gaming

Microsoft and Duracell Explain Why Xbox Controllers Still Use AA Batteries

Due to an ongoing partnership.

Seiko Celebrates Its 140th Anniversary With a Bevy of Limited Editions
Watches

Seiko Celebrates Its 140th Anniversary With a Bevy of Limited Editions

From divers to dress watches.

LMC Remixes Laidback Styles and '90s Inspirations for SS21
Fashion

LMC Remixes Laidback Styles and '90s Inspirations for SS21

Emphasizing tracksuits, vintage sports jerseys, sweats and more.

Converse Reunites With Bandulu For Messy DIY Collab
Fashion

Converse Reunites With Bandulu For Messy DIY Collab

Channeling the brand’s basketball heritage.


adidas Takes Cues From ‘70s Cycling Jerseys for Latest Padiham Release
Footwear

adidas Takes Cues From ‘70s Cycling Jerseys for Latest Padiham Release

Arriving in either “Spice Orange” or “Glow Pink”.

Junya Watanabe MAN Updates Tradition With Collaborative FW21 Collection
Fashion

Junya Watanabe MAN Updates Tradition With Collaborative FW21 Collection

Working with everyone from footwear label Stepney Workers Club to U.K. rapper Loyle Carner.

FKA Twigs, Headie One and Fred again..'s "Don't Judge Me" Speaks the Truth
Music

FKA Twigs, Headie One and Fred again..'s "Don't Judge Me" Speaks the Truth

Accompanied by stunning visuals starring Black British activists and cultural figures who stand tall at London’s Tate Modern gallery.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Adblock Detected.

We charge advertisers instead of our readers. If you enjoy our content, please add us to your adblocker's whitelist. We'd really appreciated it.