Wealthypipo
  • Home
  • Richest
    • Celebrities
    • Business People
    • Net Worth
    • Politicians
  • Companies
    • CEOs
  • Most Expensive
  • Lifestyle
  • Articles
No Result
View All Result
  • Home
  • Richest
    • Celebrities
    • Business People
    • Net Worth
    • Politicians
  • Companies
    • CEOs
  • Most Expensive
  • Lifestyle
  • Articles
No Result
View All Result
Wealthypipo
No Result
View All Result

Xbox Net Worth, Earnings and Revenue

XBOX remains one of the most played home games in history since the inception of the gaming world.

by Emmanuel Akpaneka
January 10, 2023
in Companies
Reading Time: 4 mins read
Xbox
0
SHARES
Share on FacebookShare on Twitter

Right from when Sony Computer Entertainment announced its first PlayStation 2, it became a huge threat to Microsoft whose primary business line is in supporting the personal computer (PC) business with its operating system, games, software.

Table of Contents hide
1. How much is Xbox Worth?
2. How it Started
3. How it is going
4. Who owns Xbox?
5. Top three (3) Individual Insider Shareholders
5.1. 1. Satya Nadella
5.2. 2. Bradford L. Smith
5.3. 3. Jean-Philippe Courtois
6. Three (3) Institutional Shareholders
6.1. 1. Vanguard Group Inc.
6.2. 2. BlackRock Inc.
6.3. 3. State Street Corp.
7. Xbox Net Worth, Earnings, and Revenue 2023
8. Xbox Products
9. Conclusion

How much is Xbox Worth?

  • Founded: November 15, 2001
  • Founders: Microsoft
  • Industry: Video Gaming
  • Net Worth: $600 billion
  • CEO: Satya Nadella

How it Started

The engineers of Microsoft’s DirectX team began envisioning what a Microsoft console could look like competing with PlayStation 2. The name Xbox was chosen from the highest-ranking preference from the consumer name survey carried out by Microsoft’s marketing team and this was the least name envisioned by Microsoft.

The first original Xbox was released on 15 November 2001, following a second release on 22 February 2002, and the third release on 14 March 2002 in North America, Japan, Australia, and Europe respectively. This was Microsoft’s first effort into the gaming console market. It went from generation to generation starting with Xbox been the first generation and then Xbox 360 for second-generation following Xbox One, Xbox One S, Xbox One X for the third generation, and lastly the fourth generation with Xbox Series S and Xbox Series X as the most recent Xbox hardware.

As of May 10, 2006, Xbox was sold then for $299.99 with over 24 million units sold, following Xbox 360, sold for the same price as of June 9, 2014, sold over 84 million units, Xbox One and Xbox One S sold over 50 million units as of June 10, 2021, with a unit price of $499.99 and $299.99 respectively. Xbox sales increased which gave them a slew of new product releases with the introduction of Xbox Live as a platform for online multiplayer gaming.

READ ALSO  Toyota Net Worth, Earnings and Revenue

How it is going

Xbox without any doubt has one of the best designs and features one can think of in the gaming world, this has given them an edge in the British Academy Game Awards in the category of Best Game. As an outcome of the continuous release of numerous games, Xbox has received many Awards from Czech Game of the Year. It has also received a good amount of D.I.C.E Awards for Design, Innovation, Communication, and Entertainment. Other numerous Awards acquired by Xbox includes the Game Developers Choice Award, the SXSW Gaming Awards, the Game of the Year Award, the Golden Joystick Award, and the Spike Video Game Awards.

As of the first quarter of 2021, Xbox had a net income of $13.9 billion. Xbox experienced an increase in its revenue by $37.2 billion during the Covid-19 pandemic with a surge in the number of its subscribers. This amounted to a 30% increase in the content and services.

Who owns Xbox?

Microsoft Corp. is the owner of Xbox and is one of the largest companies in the world by market value and with great success stories among the tech industry. Microsoft was founded in 1975 with Window’s software product been its major business line have become a multi-million dollar corporation within few years.

However, both institutional and individual insider shareholders are what make up the net worth of Microsoft, below are the top three individual insider and institutional shareholders of Microsoft.

Top three (3) Individual Insider Shareholders

1. Satya Nadella

Serving as the Chief Executive Officer (CEO) of Microsoft since 2014, Satya Nadella owns a share of about 1,337,768 of Microsoft stock, which represents 0.02% of the total outstanding shares. It’s 28 years since Nadella joined Microsoft in 1992. Of recent, Satya was the executive vice president of Microsoft’s Cloud and Enterprise Group saddled with leading the transformation to the cloud infrastructure and services business which has, in turn, outperformed the market and partook in the share from the competition.

READ ALSO  Spotify Net Worth, Earnings and Revenue

2. Bradford L. Smith

Brad Smith is also a top shareholder in Microsoft stock with 845,058 shares yielding 0.01% of the total outstanding shares. Brad is the Chief Legal Officer and President of Microsoft, who served as the company’s former general counsel. He handles public issues such as environmental sustainability, cybersecurity, and privacy.

3. Jean-Philippe Courtois

Shares owned by Courtois are not less than 600,510 of Microsoft stock, amounting to 0.01% of the total outstanding shares. He is the Executive VP and President of Microsoft Global Marketing, Sales, and Operations. He has held some positions ever since he joined the company in 1984 including the GM of Microsoft France.

Three (3) Institutional Shareholders

1. Vanguard Group Inc.

Vanguard is one of the top institutional shareholders of Microsoft with 640.2 million shares of Microsoft stock. This yields 8.4% of the total outstanding shares. this report is according to the company’s 13F filing for the period of 31 March 2020. Vanguard owns about 6.2 trillion in global assets as a mutual fund and ETF management.

2. BlackRock Inc.

BlackRock follows behind as one of the top shareholders in Microsoft with 517.6 million shares. This yields 6.8% of total outstanding shares, as of March 31, 2020, according to Microsoft 13F filing. They are also a mutual fund and ETF management company with approximately $6.47 trillion in AUM.

3. State Street Corp.

State Street owns nothing less than 314.8 million shares of Microsoft, yielding 4.2% of the total outstanding shares. This report is according to Microsoft’s 13F filing as of March 31, 2020. State Street has $3.1 trillion in AUM, managing mutual funds, ETFs, and other investments.

READ ALSO  General Motors Net Worth, Earnings and Revenue

Xbox Net Worth, Earnings, and Revenue 2023

Since the invention and release of Xbox, it has sold units worldwide worth millions of dollars. A good number of products released allowed gamers to play across multiple platforms. Currently, as of the first quarter of 2023, the company’s net worth is estimated at around $600 billion.

Xbox earned $13.9 billion as net income and remains one of the most played home games in history. The pandemic that seems unfavourable to most organizations, however, seems favourable as Microsoft realized $37.2 billion from Xbox sales.

Xbox Products

Xbox has different products with each product unique to the other. It has a vast range of functionalities, features, compatibility, OS, generations, etc., differentiating itself as mentioned above.

Conclusion

Xbox having other major competitors in the industry Xbox remains one of the topmost played games in the world. It had a 30% increase in contents and services with an increase in its subscribers during the Covid-19 outbreak. Xbox, the giant and second only to apple with Microsoft having a capitalization of $2 trillion.

ShareTweetShare

Related Posts

Nike Net Worth
Companies

Nike Net Worth, Earnings and Revenue

Реrhарѕ уоu knоw а thіng оr twо аbоut Nіkе, hоwеvеr, hоw wеll dо уоu knоw thіѕ Соmраnу? Fоr іnѕtаnсе, hоw...

Companies

Netflix Net Worth, Earnings and Revenue 2023

Have you ever wondered how the Netflix of the year 2000 whose first line of business was sales and rental...

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Martin Lorentzon Net Worth
CEOs

Martin Lorentzon Net Worth, Salary and Earnings

Martin Lorentzon’s net worth : Ever been curious as to how much Martin Lorentzon is worth? Read on, as we...

Read more
Arden Cho net worth

Arden Cho Net Worth, Salary and Earnings

Carla Ferrel net worth

Carla Ferrel Net Worth, Salary and Earnings

Avani Gregg Net Worth

Avani Gregg Net Worth, Salary, Earnings 2023

Jackie Aina Net Worth

Jackie Aina Net Worth, Salary, and Earnings 2023

  • Home
  • About Us
  • Contact
  • Privacy Policy

© 2022 Wealthypipo - All rights reserved

No Result
View All Result
  • Home
  • Richest
    • Celebrities
    • Business People
    • Net Worth
    • Politicians
  • Companies
    • CEOs
  • Most Expensive
  • Lifestyle
  • Articles

© 2022 Wealthypipo - All rights reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.