Satya Nadella says more than 20M people have streamed games using Xbox Cloud Gaming, double the 10M figure that Microsoft shared in April 2022 (Tom Warren/The Verge)

Tom Warren / The Verge:
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%  —  It’s a new financial year for Microsoft, and the Windows and Xbox maker has just posted the first quarter of its 2023 financial results today.

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.

Nilay Patel / The Verge:
Q&A with Microsoft Gaming CEO Phil Spencer on running the division, how decisions are made, delaying big games, Xbox, Keystone, exclusives, rivals, and more  —  The CEO of Microsoft Gaming thinks King is the crown jewel of the Activision empire. … Phil Spencer, CEO of Microsoft Gaming …

Wall Street Journal:
A profile of OpenAI, which raised $1B from Microsoft after Sam Altman demoed an AI model to Satya Nadella in 2019, as some remain skeptical about its revenue  —  Behind ChatGPT and other AI breakthroughs was Sam Altman’s fundraising—but skeptics remain  —  ChatGPT, the artificial-intelligence …

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 …

Tom Warren / The Verge:
Logitech unveils the $350 Android-powered G Cloud Gaming Handheld with a 7″ display, Snapdragon 720G, and Xbox and GeForce Now cloud gaming, arriving October 17  —  Logitech is officially announcing its G Cloud Gaming Handheld today after a teaser and a leak last month.