Microsoft reports Q1 Windows OEM revenue down 15% YoY, devices revenue up 2% YoY, Xbox hardware revenue up 13%, and Xbox content and services revenue down 3% (Tom Warren/The Verge)

Tom Warren / The Verge:
Microsoft says Xbox Game Pass is profitable and accounts for ~15% of Xbox content and services revenue, after revealing PC Game Pass subscriptions rose 159% YoY  —  Microsoft Gaming CEO Phil Spencer has revealed that the company’s Xbox Game Pass subscription service is already profitable.

Paul Sawers / TechCrunch:
Stockholm-based Mavenoid, which offers human- and AI-enabled product support and troubleshooting tools for hardware companies, has raised a $30M Series B  —  Mavenoid, a Swedish company that provides both human- and AI-enabled support and troubleshooting tools for hardware companies …

Yogita Khatri / The Block:
OneKey, which claims only its hardware wallet has a certified secure chip and 100% open-source code, raised a ~$20M Series A led by Dragonfly and Ribbit Capital  —  – Hong Kong-based crypto hardware wallet maker OneKey has raised $20 million in Series A funding.

Rebekah Valentine / IGN:
Microsoft plans to increase the price of new, first-party Xbox Series X and S games to $70 in 2023, after prices remained steady at $60 since the Xbox 360 era  —  Forza Motorsport, Redfall, and Starfield will be among the first to reflect the change.  —  Xbox is preparing to join …

Tom Warren / The Verge:
In filings with UK’s CMA as part of its Activision Blizzard acquisition, Microsoft says it plans to build a new Xbox Mobile Platform and a store to sell games  —  Microsoft’s Activision Blizzard deal is key to the company’s mobile gaming efforts.  Microsoft is quietly building a mobile Xbox store …

Jon Fingas / Engadget:
What to expect from Google’s “Made by Google” event: Pixel 7 and Pixel 7 Pro, Pixel Watch, and potentially Pixel device previews and Nest hardware  —  – Wildcards: More Pixel device previews and Nest hardware  —  Google’s fall hardware event promises to be special this year.