For any video gaming enthusiast, Xbox is a common name. It is a video gaming brand by the United States and has been in the market for almost two decades. Xbox is owned by
Microsoft, and it has come up with many products such as streaming services, Xbox Live, video game consoles, and gaming apps. It has come up with many products, and the latest Xbox Series S, and Xbox Series X came up in November 2020.
Well, how well do you know about Xbox? If not much, here is what we know about Xbox to date.
With the announcement of PlayStation 2, by Sony Computer Entertainment, Microsoft decided to have a console that will run on the Windows platform. In the beginning, it had many names. Finally, they come up with the name ‘Xbox’. For the makers of Xbox, it’s not about units being sold, rather it’s about the number of players. Xbox was launched in 2001 in North America. During that time, it had to compete with Dreamcast, GameCube, and PlayStation 2.
In 2002, the makers of Xbox came up with Xbox Live, so that players can play the game online. The brand has its headquarters in Redmond, Washington. Currently, Phil Spencer serves as the head of the brand. The Xbox console was highly successful, and they soon came up with Xbox 360. It was the successor of the Xbox console, and by 2013, it went on to sell more than 78.2 million units.
Xbox witnessed heavy sales, and it started to launch many new products. For online multiplayer gaming, Xbox Live was started in 2002. It saw a massive surge, and as of 2019, it has more than 65 million users across the world. The company also created Xbox Live Marketplace for members to download or purchase content. An app called Xbox SmartGlass was created that was available for different platforms including Android and iOS. In 2017, Xbox Game Pass became available.
Xbox has now come up with many games so that players can have multiple options. There are four generations of Xbox, and it came up with Xbox Dashboard that allows managing the games. Apart from gaming consoles, the company also launched the Xbox Controller in 2001. With the launch of Xbox 360, it created the Xbox 360 Controller. Soon the company launched Kinect. Gamers can now access Xbox games on multiple platforms, and in 2016, it organized Xbox FanFest in Sydney, Australia.
Awards & Achievements
Xbox has won many awards since its inception. It is the winner of multiple British Academy Game Awards for Best Game. By launching many games, Xbox has also won multiple Czech Game of the Year Awards. Additionally, it is the winner of many “Design, Innovative, Commination, Entertainment” D.I.C.E. Awards. Xbox has won many other awards including The Game Award for Game of the Year, Game Developers Choice Award, Golden Joystick Award, Spike Video Game Awards, and SXSW Gaming Awards.
Net Worth & Earnings of Xbox in 2023
Since its inception, Xbox has sold millions of units across the world. It has also launched many products, and gamers can now access the games on different platforms. As of 2023, Xbox has a net worth of approximately $600 billion. It is available in many countries across the world, and the first quarter of the year, Xbox had a $13.9 billion net income. The Covid-19 pandemic increased the revenue of Xbox by $37.2 billion. It also saw an increase in the number of subscribers. Compared to 2020, it witnessed an increase of 30% in the content and services.
Xbox has given gamers a platform to play games online. Players have many options by choosing from hundreds of games. Within a quick time, it was available in Japan, Europe, and Australia. Today, it is a global brand with millions of subscribers. It was helpful for many during the Covid-19 lockdown as people found a way to stay connected.