Microsoft Q3 2023: Windows, devices, and Xbox down again

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Illustration of the Microsoft wordmark on a green background
Image: The Verge

Microsoft just posted the third quarter of its 2023 fiscal financial results. The software maker made $52.9 billion in revenue and a net income of $18.3 billion during Q3. Revenue is up 7 percent, and net income has increased by 9 percent. While Windows, Xbox, and devices revenue have all been hit hard this quarter, Microsoft’s cloud, office, and server businesses have made up for weaknesses elsewhere.

Microsoft had a tough quarter for Windows and devices revenue last quarter, and Q3 isn’t much different. Windows OEM revenue, the price that PC manufacturers pay Microsoft to put Windows on laptops and PCs, fell by 28 percent in Q3.

Photo by Amelia Holowaty Krales / The Verge
Microsoft’s devices revenue has dropped...

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