Category: economy

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Xbox Revenue Drops 2% YoY, Hardware Revenue Falls 29% Due to Fewer Consoles Sold

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Microsoft has released its earnings report for the first quarter of the 2026 fiscal year, which ended up September 30, 2025. Xbox gaming revenue decreased by $113 million or two percent year-on-year to $5.51 billion. This was driven by a decline in hardware, offset partially by growth in content & service. This is better than the forecast, which expected a decline in the mid to high single digits percent (-4% to -9%). Xbox content & services revenue increased one percent compared to the same quarter a year ago. This was driven by growth in third-party content and Xbox Game Pass, partially offset by a decline in first-party content. This is better than the forecast, which expected a decline in the mid single digits percent (-4% to -6%). Xbox hardware revenue dropped 29 percent year-on-year due to a lower volume of consoles sold. There was no forecast given for hardware. Microsoft did increase the price of Xbox consoles in most regions on May 1 and a second time in the US on October 3. Overall for the quarter, Microsoft reported for the quarter revenue was up 18 percent year-over-year to $77.673 billion, operating income increased 24 percent to $37.961 billion, and net income was up 12 percent to $27.747 billion. A life-long and avid gamer, William D’Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012 and taking over the hardware estimates in 2017. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel. You can follow the author on Bluesky.Full Article – https://www.vgchartz.com/article/466133/xbox-revenue-drops-2-yoy-hardware-revenue-falls-29-due-to-fewer-consoles-sold/

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HISTORIC: Netflix pays RECORD Rs. 3.5 crores for Vash Level 2 and its dubbed Hindi version, HIGHEST ever for a Gujarati film!

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A week ago, the Gujarati film Vash Level 2 and its Hindi-dubbed version, Vash Vivash Level 2, were released on Netflix on October 22. The move was significant as it’s rare for the streaming giant to pick up a Gujarati film. And that’s not all. Vash Level 2 has been procured by Netflix for a record price. A source told Bollywood Hungama, “Netflix has paid a whopping Rs. 3. 50 crores for the digital rights of Vash Level 2 and Vash Vivash Level 2. This is the highest price ever paid to a Gujarati film by an OTT platform.”The source explained, “Netflix paid the record amount as Vash Level 2 is very well-made and has been well-received by the audience when it was released in cinemas. The makers had dubbed the film in Hindi, which also found its way into cinemas; this further motivated Netflix, as even non-Gujarati audiences had an opportunity to enjoy the film in the dubbed version. Thirdly, it belongs to the supernatural genre, which has a lot of takers globally.”The source continued, “Another reason is that the Vash series is famous among moviegoers. It is common knowledge that the much-loved 2024 Hindi film Shaitaan, starring Ajay Devgn, R Madhavan and Jyothika, was a remake of the first part, which came out in 2023. Hence, there has been a curiosity to check out the second part. And lastly, Vash recently won the Best Gujarati Feature Film Award as well as the Best Actress in a Supporting Role for Janki Bodiwala at the 71st National Awards. Janki also played the same role in Shaitaan and she, too, has become recognizable. All these factors prompted Netflix to go against the norm and pay the said amount for the rights of Vash Level 2 and Vash Vivash Level 2.”Another industry insider commented, “As per the deal, Netflix will stream the film for 3 ½ years. Moreover, Netflix will be the only platform where both versions of the film will be available exclusively for a year. A year later, the makers will have the freedom to stream their film on some other platform as well.”A prominent producer revealed that this is a proud moment for Gujarati cinema, “Earlier, Gujarati films used to be paid on a viewership basis and used to earn less than a crore through this arrangement. Hence, the Netflix deal of Vash Level 2 is significant. If the film gets sufficient views, it’ll encourage Netflix and other platforms to buy the rights of other Gujarati films, at a handsome price. It’ll also give an impetus to Gujarati filmmakers to experiment with topics and find an audience beyond the Gujarati diaspora.”Also Read: Ajay Devgn hails Vash Level 2 as a masterclass in Gujarati horror; showers praises on onscreen daughter Janki Bodiwala.

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Gold slips below $4,000 as US–China trade hopes lift risk appetite

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The post Gold slips below $4,000 as US-China trade hopes lift risk appetite appeared com. Gold price drops 0. 63% on Tuesday during the North American session with the yellow metal suffering from its safe-haven appeal as hopes of a de-escalation of the US-China trade war keep ebbs and flows going toward riskier assets like US equities. At the time of writing, XAU/USD trades at $3,955, after bouncing off three-week lows beneath $3,900. Yellow metal loses safe-haven bid ahead of Trump-Xi meeting; Fed cut expectations to cushion fall The US-China trade war seems to be fading following last week’s meeting between senior officials in Malaysia. Discussions about tariffs, shipping fees, fentanyl and rare-earth export controls had set the stage for a possible agreement as US President Donald Trump and his Chinese counterpart Xi Jinping will meet on Thursday. Meanwhile, geopolitics could cap Gold’s losses as the Jerusalem Post reported that “The response to the current violations by Hamas will be significantly greater than the response last time,” citing sources. If hostilities in the Middle East resume, Bullion could trim some of its last two weeks’ losses and be poised to reclaim the $4,000 figure. Gold, a traditional hedge during times of uncertainty and a non-yielding asset, has gained 51% this year, bolstered by geopolitical and trade tensions, as well as lower interest rates in the US. Aside from this, the Federal Reserve (Fed) is expected to cut rates by 25 basis points (bps) at the Wednesday’s meeting, followed by a subsequent reduction in December, according to Prime Market Terminal interest rate probability tool. Daily market movers: Gold price dives despite broad US Dollar weakness The US Dollar Index (DXY), which tracks the performance of the buck versus six currencies, edges down 0. 11% to 98. 68. The US 10-year Treasury note yield is virtually unchanged at 3. 981%. US real yields which correlate inversely to Gold prices.
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