The good news: the Xbox handhelds are here! The bad news: Xbox console sales are experiencing a significant slide.

Microsoft reports Xbox console sales were down 29 percent (in revenue) in the summer quarter, which was sandwiched between price hikes in May and October. Fortunately, Xbox content and services revenue ($5.5 billion for the quarter) did not follow suit — that line item actually grew by one percent. All told, gaming revenue decreased $113 million, or by two percent.

Xbox sales dropped 22 percent in the prior quarter.

The good news: the Xbox handhelds are here! The bad news: Xbox console sales are experiencing a significant slide.

Microsoft reports Xbox console sales were down 29 percent (in revenue) in the summer quarter, which was sandwiched between price hikes

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