Microchip Technology (NASDAQ:MCHP) reported quarterly earnings of $1.56 per share which beat the analyst consensus estimate of $1.55 by 0.65 percent. This is a 30 percent increase over earnings of $1.20 per share from the same period last year. The company reported quarterly sales of $2.17 billion which beat the analyst consensus estimate of $2.15 billion by 0.89 percent. This is a 23.39 percent increase over sales of $1.76 billion the same period last year.
Microsoft’s Xbox Series X/S Sales Decline By 30% Two Years After Launch
Microsoft Corp. (NASDAQ: MSFT) has reported a 30% decline in revenue from console hardware sales for its Xbox Series X/S, two years after its launch.
The decline in sales occurred despite discounts, such as the temporary $50 price cut to the Series S during the holiday period.
