For a gaming person, Xbox is a common brand which represents many video game consoles. The American company also provides streaming services and has been in operation for over 16 years. It is developed by Microsoft, and the current head of the company is Phil Spencer. To know more about the net worth of Xbox in 2020, continue reading the article.
Although the original Xbox console was released in November 2001, the original device was manufactured by Atari Jaguar. However, the company stopped the service in 1996. Xbox has also organized the “Xbox FanFest” in September 2016 in Sydney, Australia.
Since its release, the Xbox console has sold millions of units across the world. The net income of the company has seen many ups and down throughout the years. In 2010, it was believed that the company was making an annual income of $625 million. In 2018, the company witnessed an increase of up to 18% in its revenue.
In November 2001, the original Xbox was made available in North America. Soon it was released in Japan, Australia, and Europe. Microsoft had to compete with several other gaming brands like GameCube (Nintendo) and Dreamcast (PlayStation 2). In November 2002, the Xbox Live service was launched. This allowed the players to play the game either online or without using any broadband connection. In 2005, the Xbox 360 was released. By 2013, it sold more than 78 million units across the world.
In 2010, Microsoft released the redesigned Xbox 360, and the older model was discontinued. The company then released Xbox one in November 2013. Apart from that, the company has released many online services. As of 2012, Xbox Live has got more than 40 million global subscribers. There is also Xbox Live Marketplace where the members can download or purchase promotional content. Other services include Xbox SmartGlass and Gaming Cloud.
Xbox has grown immensely since it was formed. It has launched a number of products and services and has helped to increase employment in different countries of the world. The games released by the company have gone on to receive many awards. It has several times appeared in the list of the Game of the Year Awards.
Net Worth & Earnings
As Xbox has released a number of products and services since its inception, the company has seen a good increase in its revenue. The Xbox console has sold more than 100 million units across the world. In April 2018, the service revenue of the company saw an increase of 24%. Also, it has been reported that the number of Xbox Live users were 59 million.
In 2002, the company made a net income of $5.36 billion. It peaked to $23.15 billion in 2011. However, the company’s revenue declined for the fiscal year 2015 and 2016. In 2018, the net income of the company is $16.57 billion.
Xbox today has millions of users across the world. The market value of Xbox is $585 billion as of 2018. Xbox One is released in 21 markets, and it continues to come up with new products or upgrades. The company has witnessed good development both in terms of revenue and in increasing the user base.