Xbox revenue and console sales up year-on-year

Xbox parent Microsoft didn't have a good financial year, but Xbox itself did pretty well.

Microsoft has released its Q4 financial report, posting a $2.1 billion loss.

The good news is that Xbox did better than last year. Microsoft said total Xbox revenue grew 27% thanks to first-party game sales, Xbox Live transactions and console sales, all of which showed "strong growth".

Sales of Xbox 360 and Xbox One consoles came in at 1.4 million for the quarter, up from 1.1 million in Q4 the year before.

Microsoft said "Xbox Platform revenue" - as opposed to total Xbox revenue - jumped 10%, but noted that the price cut on Xbox One consoles offset increased sales.

Microsoft's Computing and Gaming Hardware division, which includes Surface and other devices in addition to Xbox consoles, saw a 44% revenue increase.