[STEAM] Microsoft blames gaming division for plummeting PC revenue, with 32% drop in Xbox hardware

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's latest quarterly financial results are in, and they do not paint a pretty picture for how the company's gaming division is doing. A massive 32% drop in Xbox revenue is joined by a 5% drop in Xbox content and services revenue, and overall, the company has seen a 9% drop in gaming revenue. This all adds up to its overarching More Personal Computing division seeing a 3% drop in revenue, despite positive news on the PC and Windows fronts.

As you might expect,

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isn't struggling elsewhere, with overall revenue up 17% and a hefty 26% increase in revenue for its cloud computing division. There's no word on just how much or how little the company's AI endeavors are bringing in, but, for now, it's clear that Xbox in particular isn't proving to be a major money maker.

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