Microsoft just hit a $10 billion milestone with its gaming business, and it’s a huge sign for the future of the Xbox (MSFT)
|07/20/2018||Posted by BusinessMediaguide.Com under General World News||
- Microsoft’s annual gaming revenue surged to a new all-time high of $10 billion, the company announced on Thursday.
- Microsoft is hinting that “Fortnite” was a huge driver of that growth.
- More relevantly, the results give us reason to believe that Microsoft is going to keep doubling down on subscription services like Xbox Game Pass, and its Mixer streaming platform — showing the areas where Microsoft is really placing its bets.
Microsoft posted $110 billion in revenue in its 2018 fiscal year, the company announced on Wednesday. That’s the first time Microsoft has passed $100 billion in annual revenue, ever.
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