Despite Xbox shortages, Microsoft reports $3.6B in Q3 gaming revenue, 232% growth in hardware sales

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As part of the company’s fiscal third quarter earnings report, Microsoft’s Xbox division posted $3.6 billion in revenue, up 50% year-over-year. Microsoft also reported a 232% increase in its gaming hardware revenue, which it attributes to continued high demand for the Xbox Series X|S. Its ninth-generation console hit store shelves in November and quickly sold out, though some of that…
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