Healthtech Start-up Expands Into Eleven New Cities Across East And West Africa

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Healthtech Start-up Expands Into Eleven New Cities Across East And West Africa

Field Intelligence, the health tech startup that is digitizing the supply chain and transforming access to essential, life-saving medicine, has today announced its expansion into Rivers, Edo, Kaduna, Kano, Enugu, Delta, and the Kwara States in Nigeria, and Eldoret, Mombasa, Kisumu and Naivasha in Kenya.

Independent and franchise pharmacies can access 1000 unique products, inventory planning, subscription delivery and Pay-As-You-Sell on the Shelf Life platform. The expansion will build on Field Intelligence’s existing 700+ pharmacy membership, which has served over 1.4 million patients to accelerate quality frontline healthcare across Africa.

The expansion comes after a year of rapid growth in sales and Shelf Life membership subscriptions, with Nigeria increasing by 47% and 65% in Kenya, selling over 586,950 products in 63 different product categories. This included anticipated demand for anti-malaria and contraceptive products which sold over 87,000 products in these categories.

However, there was an unexpected inclination of sales in both countries for supplements (45,618 units), cough and cold medicines and PPEs as communities and health workers grew increasingly more conscious of COVID-19 symptoms and preventative measures.

Healthtech Start-up Expands Into Eleven New Cities Across East And West Africa-Brand Spur Nigeria
Healthtech Start-up Expands Into Eleven New Cities Across East And West Africa-Brand Spur Nigeria

By using data to optimise predictions and identify irregularities in the market, Field Intelligence has been able to meet the demands for prescription and over-the-counter drugs in multiple markets despite recent critical global shortages.

The digital-first, asset-light approach has enabled the start-up to build out its Pan-African solution and take the lead as the digital healthcare market gains momentum in Africa. As well as definitive signs for scale and impact in pharmaceutical distribution and management, Nigeria has 4,500 registered pharmacies and over 15,000 drugstores, whilst Kenya has 6,000 registered pharmacies and chemists.

In 2022 Field Intelligence aims to surpass 2,000 pharmacies and drugstores using Shelf Life and by 2025 the company is targeted to have 12,000 pharmacies in its network, 4x that of Chinese pharmacy chain GouDam – making it the largest globally.

In its current operating markets, digital health in Nigeria is set to reach a revenue volume of over US$1.3bn by 2025, with a 22.31% annual growth rate. Similarly, Kenya is also due to see a positive trajectory, with a 19.97% annual growth rate, resulting in a market volume of US$649.73m by 2025.

Speaking on the company’s expansion Michael Moreland, CEO of Field Intelligence, said “Shelf Life’s rapid uptake across such a range of African markets is a testament to its potential as a solution for pharmacies across the continent. Rural and urban, East and West, we have found Shelf Life helping pharmacies overcome a shared set of challenges and seize new opportunities for growth by improving access for their patients.

The ability of our technology to digitize, automate, and optimize planning, assortment, and fulfillment, led by an incredible team, is quickly making Shelf Life one of the largest retail pharmacy supply chains in Africa.”

Field launched Shelf Life in 2017 to solve the inventory problem cutting across Africa’s $75B retail pharmacy market. Its technology is radically simple for easy adoption in complex environments and effectively scalable, without the barriers of borders and languages.

Additionally, it provides unprecedented visibility and control of pharmaceutical procurement and inventory management to eliminate frequent over and understocking, which results in expiry losses of over 10% a year and 30% stockout rates, driving pharmacies to reduce the variety of products they offer and increase their prices. Shelf Life takes the burden and risk of inventory off the client, managing forecasting, quality assurance, fulfillment, and inventory management in a subscription service.

Pharmacies sell Shelf Life-supplied goods on consignment through its Pay-As-You-Sell program, avoiding expiry risk and accessing a cheaper alternative to working capital finance. The pioneering model has seen pharmacies grow an average of 25% CAGR

Over 200 Graduates Emerge From The Ecobank Group And AUDA-NEPAD MSME Training

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Over 200 Graduates Emerge From The Ecobank Group And AUDA-NEPAD MSME Training

The leading pan-African banking group, Ecobank Group and the African Union Development Agency New Partnership for Africa’s Development (AUDA-NEPAD), held a virtual graduation ceremony for more than 200 alumni of the inaugural Ecobank’s MSME Training for Financing Program.

The Graduates came from the eight (8) countries in the pilot phase of the MSME Academy namely, Chad, Côte d’Ivoire, Ghana, Kenya, Niger, Nigeria, Rwanda and Togo.

The MSME Academy, launched by the Ecobank Group and AUDA-NEPAD in 2020, in the midst of the outbreak of the COVID-19 pandemic is part of AUDA-NEPAD’s transformational ‘100 000 MSMEs’ initiative, a continental response to COVID-19. The Academy provides entrepreneurs, owners and managers of micro, small and medium-sized enterprises (MSMEs) with coaching, mentoring, and business skills training courses.

Ade Ayeyemi, CEO, Ecobank Group who attended the ceremony, said: “We had no hesitation in supporting AUDA-NEPAD’s ‘100,000 MSMEs’ initiative. The framework we designed collectively hinges on three critical pillars needed for MSMEs to build resilience in such unprecedented times, being access to capabilities, access to finance and access to markets.

The graduation ceremony is another milestone achieved in our journey and commitment to supporting MSMEs and helping them to grow into tomorrow’s larger businesses. My very hearty congratulations to the MSME Training for Financing class of 2021. This is the beginning of wholesome success for your businesses and Ecobank is here to support you in evolving into a major business owner on our continent”.

Dr Ibrahim Mayaki, CEO AUDA-NEPAD, added “This graduation comes at an opportune time, after the first anniversary of the 100 000 MSMEs Initiative. The Ceremony builds on other important milestones achieved so far, including the launch of the Initiative in 13 Member States, reaching out to more than 3 million participants, mostly micro entrepreneurs, who learned about the potential the MSME Academy platform offers.

I would like to commend Ecobank for their commitment to the success of this program. I wish the very best to the graduates of this programme.”

About 3000 MSMEs applied to the MSME training for the Ecobank Financing program, out of which 850 were short-listed in the 8 pilot countries. The 6 week-long programme covered 4 modules and 15 training sessions per country – in total – 120 sessions were delivered in all 8 countries.

In Q3 2021, Ecobank will deliver a unique sandwich programme for the remaining over 2000 SMEs who registered but were not shortlisted in the just ended training programme.

The objective is to ensure that no MSME who expressed the desire to be part of this learning experience is left behind.

Former President Barack Obama Joins NBA Africa As Strategic Partner

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Former President Barack Obama Joins NBA Africa As Strategic Partner

The National Basketball Association (NBA) has announced that former President Barack Obama has joined NBA Africa as a strategic partner.

President Obama will help advance the league’s social responsibility efforts across the continent, including programs and partnerships that support greater gender equality and economic inclusion.

In this capacity, President Obama will have a minority equity stake in the new venture, which over time he intends to use to fund Obama Foundation youth and leadership programs across Africa.

NBA Africa conducts the league’s business in Africa, including the Basketball Africa League (BAL), which held its inaugural season in May featuring 12 of the top club teams from 12 African countries.

NBA Africa is focused on expanding the NBA’s presence in priority African markets, deepening the league’s engagement with players and fans across the continent, and continuing to grow Africa’s basketball ecosystem through programs like the Jr. NBA, Basketball Without Borders (BWB) Africa and NBA Academy Africa.

In addition, NBA Africa has launched several social responsibility initiatives aimed at raising awareness of gender-based violence, supporting girls’ education, and improving the livelihoods of African youth and families.

“The NBA has always been a great ambassador for the United States—using the game to create deeper connections around the world, and in Africa, basketball has the power to promote opportunity, wellness, equality, and empowerment across the continent,” said President Barack Obama.

“By investing in communities, promoting gender equality, and cultivating the love of the game of basketball, I believe that NBA Africa can make a difference for so many of Africa’s young people.  I’ve been impressed by the league’s commitment to Africa, including the leadership shown by so many African players who want to give back to their own countries and communities.  That’s why I’m proud to join the team at NBA Africa and look forward to a partnership that benefits the youth of so many countries.”

“We are honored that President Obama has become a strategic partner in NBA Africa and will support our wide-ranging efforts to grow the game of basketball on the continent,” said NBA Commissioner Adam Silver.  “In addition to his well-documented love for basketball, President Obama has a firm belief in Africa’s potential and the enormous growth opportunities that exist through sports.  NBA Africa will benefit tremendously from his engagement.”

“We have ambitious growth plans for NBA Africa and having President Obama join our efforts is a recognition that through sport, Africa can take its rightful place on the world stage,” said NBA Africa CEO Victor Williams.

“We look forward to working with President Obama and our strategic investors to use basketball as an economic growth engine across the continent and as a platform to improve the health and wellness of one of the world’s youngest and fastest-growing populations.”

Strategic investors in NBA Africa include a consortium led by Babatunde “Tunde” Folawiyo, Chairman and CEO of Yinka Folawiyo Group, and Helios Fairfax Partners Corporation (HFP), led by Co-CEO Tope Lawani.

Additional investors in NBA Africa include NBA Legends Junior Bridgeman, Luol Deng (South Sudan), Grant Hill, Ian Mahinmi (France; ties to Benin), Dikembe Mutombo (the Democratic Republic of the Congo), and Joakim Noah (ties to Cameroon).

The NBA has a decades-long history in Africa and opened its African headquarters in Johannesburg in 2010.  Since then, the league’s efforts on the continent have focused on increasing access to basketball and the NBA through social responsibility, grassroots and elite development, media distribution, corporate partnerships, NBA Africa Games, the launch of the BAL, and more.

The inaugural BAL season was broadcast to fans in 215 countries and territories in 15 languages.  On Sunday, May 30, Zamalek (Egypt) defeated US Monastir (Tunisia) 76-63 to win the first BAL Championship.  Fans can follow @NBA_Africa and @theBAL on Facebook, Instagram, Twitter, and YouTube.

British Airways Announces Summer Beach Flight And Holiday Sale

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British Airways Announces Summer Beach Flight And Holiday Sale
  • British Airways and British Airways Holidays have reduced flight and holiday prices for a range of European and Caribbean beach destinations this September
  • Flights start from just £30 each way
  • With deposits from £60pp and a flexible booking policy in place, customers can secure a range of holiday packages – such as seven nights in Mallorca from £199pp and Barbados from £499pp

For those ready to jet off to European and Caribbean shores later this summer, British Airways and British Airways Holidays have launched a flight and holiday sale.

The sale is running from 27 July – 3 August 2021 for European deals and 27 July – 9 August 2021 for Caribbean deals, for travel taking place in September 2021. It includes short-haul holiday favourites such as the Algarve, Greek islands and the Balearic Islands, which each have holiday packages starting at £199pp. Customers looking to go further afield can enjoy Caribbean islands, including St. Lucia, Barbados and Antigua, with holiday packages from £499pp and all-inclusive packages from £669pp (see examples below).

There is also a selection of tempting holiday packages available including Club World (business class) flights to the Caribbean. Those who’d like to add a touch of luxury can enjoy holidays in Cancun from £1,499, and Barbados and St. Lucia from £1699pp.

Flights start from just £30 each way, including Lanzarote, Menorca, and Pula. Flights to Corfu, Tenerife, Crete, and Nice are up for grabs from £34.99 each way, or Heraklion, Kos and Skiathos from £39.99 each way.

These prices are on offer to those travelling 1 – 30 September 2021 (Caribbean and Mexico) and 13- 30 September 2021 (Europe). In addition, British Airways Holidays customers spending a minimum of £1,500pp on holiday packages for two people or more, for a minimum of five nights, will automatically qualify for Galleries Club Lounge access, premium check-in, Fast Track Security and priority boarding.

All bookings will fall under British Airways’ and British Airways Holidays’ ongoing flexible booking policies, allowing customers to rearrange their trip free of charge before 30 April 2022* for the utmost confidence and security. Holiday packages can be secured with deposits from £60pp, with the final balance due up to three weeks before travel.

Claire Bentley, Managing Director of British Airways Holidays, said: “We know that many people have faced a lot of uncertainty and disappointment around travel in recent months. With reduced restrictions for double-vaccinated travellers and more destinations recently added to the green list, we want to give customers something to look forward to later this summer, with added peace of mind. In addition to these competitive prices and deposits from £60pp, every booking is backed up by our flexible booking policy in case our customers’ plans change before they travel.”

British Airways has introduced a range of safety measures and partnerships to make the travel experience simple and enjoyable during and after the pandemic. Most recently, a new interactive map was launched on ba.com in partnership with Sherpa, which has developed an online tool too provide travellers with the latest travel rules for inbound and outbound destinations.

British Airways also has partnerships with a range of testing providers, cleaning mobile travel health app VeriFly and cleaning brand Dettol. BA also allows customers travelling to selected destinations to upload their negative Covid-19 test results and other travel declaration forms directly into their booking on the airline’s website ba.com, in advance of travel.

Further information on the flight and holiday sale can be found at www.ba.com/sale.

Facebook Appoints Enitan Denloye As Sub Sahara Africa Commercial Director

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Facebook Appoints Enitan Denloye As Sub Sahara Africa Commercial Director

Social media giant, Facebook has appointed former Liquid Intelligent Technologies Group Chief Marketing Officer (CMO), Enitan Denloye as Commercial Director for the Sub Sahara Africa region.

The new commercial director will be responsible for developing and implementing commercial strategies according to the company’s goals and objectives, aiming to accelerate growth among other functions. Enitan is said to be astute strategic marketing professional with many years’ experience in the IMC industry with specialities that cut across Sales & Marketing, Growth Strategy in industries such as Consumer Packaged Goods, Retail, Telecommunications and consulting.

Enitan Denloye
Enitan Denloye | Brand Spur Nigeria

Prior to this appointment, Denloye worked extensively as the Group Chief Marketing Officer (CMO) at Liquid Intelligent Technologies where he was tasked with developing and executing the company’s marketing strategy across all its countries of operation.

With over two decades of professional experience spanning FMCG, marketing, advertising, business planning, telecoms, consulting, product development, and strategic planning amongst others, Denloye also served as the Vice President of Brands & Advertising at Airtel Nigeria.

He had joined Airtel in 2015 after his exit from Etisalat where started as Director, Brands & Communications before becoming Director, Brands & Customer Experience. Earlier in his marketing and brand building career, Enitan worked for Procter & Gamble Nigeria where he was selected by the Vice President of the company himself to manage the company’s flagship brand and also got nominated for the impressive P&G brand management and advertising training programmes in Switzerland, France and Netherlands.

He was also in Coca-Cola Nigeria (June 2002 – August 2004) as Region Advertising Manager where he spearheaded the day-to-day management of all Coca-Cola advertising agencies- McCann, Ogilvy, Lowe and J.Walter Thompson, to develop communication strategy and materials for Coca-Cola brands.

He also worked for McKinsey & CO as Strategy Consultant and became Head of Sales Field Force at British American Tobacco before stepping into the telecoms industry.

Enitan Denloye holds an MBA from the Kellogg School of Management, and a BSc in Economics from the University of Ibadan.

Airtel, UNICEF To Empower Nigerian Youths

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Airtel, UNICEF To Empower Nigerian Youths

Leading telecommunications services provider, Airtel Nigeria, has partnered with United Nations International Children Education Fund (UNICEF) to empower young people in Nigeria through the newly launched Generation Unlimited (GenU) initiative, a multi-sector partnership aimed at empowering 20 million young Nigerians by 2030 with education, skills acquisition, employment and entrepreneurship while leveraging access to digital platforms.

Speaking during the formal launch of the GenU initiative in Abuja on Monday, 26th July 2021, the Chief Executive Officer and Managing Director, Airtel Nigeria, Segun Ogunsanya, who was represented by the company’s Vice President, Corporate Communications and Corporate Social Responsibility, Emeka Oparah, said the initiative aligns with the telco’s philosophy of connecting, empowering and helping young Nigerians to become more productive and empowered to solve some of the most pressing problems affecting the country.

“At Airtel, we believe that leveraging on technology, digital platforms, mobile broadband and innovation can make a huge difference in creating both access and opportunities for youth even among those in the remotest and hard-to-reach locations in the country,” he said.

Specifically, Ogunsanya pledged that Airtel will support the GenU initiative by providing connectivity and access to the Internet for every school and learner by zero-rating data cost just as it will offer internship opportunities to participants as well as provide awards to some of the beneficiaries at the end of the training.

“In the long term, Airtel will fully support GenU through a partnership to develop an investment case for school connectivity leveraging our technical competence. It is our belief that through this partnership, we will go a long way to improve the skillsets of millions of young Nigerians across the country, which is one of the cardinal objectives of the Government.”

Also speaking at the event, the Vice President, Federal Republic of Nigeria, Professor Yemi Osinbajo, commended Airtel, the UNICEF and other stakeholders for backing the GenU initiative with a clear deliverable of providing education, skills training, employment and entrepreneurship opportunities for 20 million Nigerians in 10 years.

Chief Executive Officer, GenU, Mr. Kevin Frey, thanked Airtel for its pledge of providing connectivity, access, internship opportunities and awards for the programme beneficiaries, noting that the success of GenU in Nigeria is success for Africa and the world.

During the pilot phase of the programme, Airtel will focus on providing zero-rated data to support 200 schools in Lagos and Kano States.

GenU is aimed at urgently supporting expanded education, training and employment opportunities for young people aged 10 years to 24 years on an unprecedented scale. The collaboration is a global multi-sector partnership that was initially launched in September 2018, in collaboration with over 200 partners. It has reached, to date, more than 100 million young people globally through innovations and programmes in more than 40 countries across six continents.

StarTimes To Air FIBA AfroBasket 2021

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StarTimes To Air FIBA AfroBasket 2021

Africa’s leading digital TV operator StarTimes is going to broadcast the African Championship of Nations, FIBA AfroBasket Rwanda 2021 live and exclusive.

The 30th edition of the AfroBasket, men’s basketball continental championship of Africa, is scheduled to take place between 24 August and 5 September 2021 in Kigali, Rwanda’s capital city.

16 national teams divided into four groups will be competing to get crowned African champions. In Group A, host Rwanda will face DR Congo, Cape Verde, and 11-time AfroBasket winners Angola. Group B will see reigning champion Tunisia compete alongside the Central African Republic, Egypt and Guinea.

In Group C, 2015 champions Nigeria is opposed to Ivory Coast, Kenya and Mali. And in Group D, Senegal, Cameroon, South Sudan and Uganda will clash to get a qualification spot.

The Group Phase of AfroBasket 2021 will take place from Aug. 24-29 with the top team from each group automatically advancing to the Quarter-Finals. The eight teams that finish second and third place in Groups A, B, C and D will compete from Aug. 30-31 for the remaining four spots in the Quarter-Finals.

The Third-Place Game and the Final will be played on Sept. 5.

All matches will be aired live and exclusive on StarTimes sports channels – ST Sports Life and ST Sports Focus.

Robust Ways To Meet Random Anonymous International People

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Robust Ways To Meet Random Anonymous International People

Instagram, What’s app, Facebook, Skype are ruling the world of  Online Chat applications. But the question is, People still refers all this application for a talk? Well, it’s hard to answer ‘YES’ because of the popularity of the new arrival of Online Chat applications like Omegle, ChatRandom, FaceFlow, etc. are the new interest of the people.

Regular Chat applications like what’s app, Facebook, Instagram, etc. are limiting the users’ interactions with others. You can only chat with people you know. you can’t talk with others if someone from the other side doesn’t want to communicate. Applications like Instagram also have a private mode, in which you can only chat with someone if they accept your request. in whats app, you can only talk with someone if you have a Mobile number of that particular person. Similar Functionalities are in Facebook, Snapchat and Skype, and Others.

video-chatting brandspurng Robust Ways To Meet Random Anonymous International People
Video chatting

Online Video Chat Applications

So the question is, what if we want to talk with strangers? Not locally, but internationally?

Well, this question might have different answers.  Some of you say Omegle or Some of you say Chatiw or FaceFlow. As I said above this question might have different answers. We can answer this by a single sentence, and it’s an online Video chat application. Yes, These online chat applications are people’s new choice of communication way.

There are a lot of Online Video chat applications are available on the internet. But some of them are highly used and most popular among the users. Omegle and Ome tv is the best among them. It considers as the king of the online video chat app. The application which was founds in later 2012 perfectly has the highest number of users online. Omegle has over 2M+ daily users all over the world. In Omegle, it provides different options to chat, as you can filter the search option and can chat with your kind of people. Omegle has Scripts that are not algorithm technically, Connects you with a random person from anywhere in the world and connects with you and then you can chat with them. FaceFlow, ChatRandom provides the same service as Omegle but all of them are different and have different policies, guidelines, and restrictions.

Dating Apps

Well, dating apps are another option other than Online Video Chat applications. Nowadays online dating application also provides online video chat option. Like it, of course, talking with someone is necessary before you start dating them.

Online dating apps like Facebook dating and Tinder provide different features to talk with strangers. Applications like tinder provide super like feature and Facebook provide secret crus feature. You can make new friends online by using tinder and Facebook dating app and other dating apps like Hinge, OkCupid, etc. provides the same kind of features.

Summary

Well, there are lots of online websites available to talk with strangers. Online Video chat applications and Dating apps both provide the platform to talk with strangers. well, it totally depends on the people who are using it. There are lots of tools available to avoid any issues and to protect yourself from the harmful content of these kinds of applications. But Self-awareness is the best way to avoid such kinds of issues.

British American Tobacco Reports Rising demand for cigarette alternatives

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British American Tobacco Reports Rising demand for cigarette alternatives

British American Tobacco (BAT) published its Half-Year Report, for the six months to 30 June 2021 on Wednesday 28 July. The company saw its revenue up 8.1% led by New Category growth and a partial recovery from prior-year COVID-19 impacts.

British American Tobacco posted a pretax profit of 4.38 billion pounds ($6.08 billion) in the first half of 2021, compared with GBP4.59 billion in the prior-year period.

Revenue fell to GBP12.18 billion from GBP12.27 billion. New Categories revenue rose 50% to GBP942 million, and the company expects full-year losses from the segment to reduce.

Cigarette value share up 10 bps, and volume share up 10 bps reflecting strong EM performance while Vapour revenue up 59%, Vuse approaching global category value share leadership.

Jack Bowles, Chief Executive commented:

“This has been an exciting period of growth in New Categories, with New Category constant currency revenue up by 50% in the first half. We added 2.6m consumers, our highest ever increase, to our non-combustible product consumer base, to reach 16.1m.

This demonstrates our accelerating transformation driven by our multi-category portfolio, with continued key market share gains in all three New Categories. We are building strong, global brands of the future with Vuse, Velo and glo. These are underpinned by industry-leading multicategory consumer insights and science, with increasing digitalisation.

British American Tobacco resumes sales in South Africa

We have invested a further incremental £346m in the first half, funded by continued value growth from combustibles and expect to reach our £1bn Quantum savings target 12 months early. We have now increased our savings target to £1.5bn by 2022.”

H1 Financial Highlights:

  • Combustible revenue up 5.8% with price/mix of 4.3%, reflecting Emerging Market (EM) recovery
  • Further, £256m cost savings, driven by Quantum, target increased to £1.5bn (previously £1bn) by 2022
  • Adjusted profit from operations up 5.4%* includes a transactional FX impact of 2%
  • Adjusted operating margin down 70 bps, driven by increased New Category investment, geographic mix and transactional FX
  • Adjusted diluted EPS up 6.1%
  • Operating cash flow conversion of 67%, reflecting phasing of excise payments in the US in 2020
  • BAT’s highest ever non-combustible product consumer acquisition +2.6m to 16.1m in H1, with 11.8% of Group revenue delivered by non-combustible products
  • Vapour revenue up 59%*, Vuse approaching global category value share leadership
  • glo revenue up 38%*, with glo Hyper volume share gains in ENA and Japan
  • Velo revenue up 63%*, with our T5 volume share of the Modern Oral category at 39.5% up 280 bps
  • Further incremental increase of £346m investment in H1, capitalising on strong momentum in all three New Categories

New Category consumables volume growth accelerated and was up substantially in all three categories. Combustibles volume was up 1.5%, driven by cigarette volume share gains (up 10 bps) and the recovery of emerging markets including Bangladesh, Pakistan, Vietnam, Brazil and South Africa, following the impact of COVID-19 last year. Duty paid industry cigarette volume was broadly stable in the first half of 2021.

Revenue from non-combustibles now represents 11.8% of Group revenue, up from 10.1% at FY 2020, reflecting strong New Category revenue growth of 40.4% (or 50.0% at constant rates of exchange).

Xbox Hardware Pushes Microsoft Gaming Revenue up by 11% to $357M

Esan Bolaji
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Xbox Hardware Pushes Microsoft Gaming Revenue up by 11% to $357M

Microsoft Gaming revenue increased $357 million or 11% driven by growth in Xbox hardware, offset in part by a decline in Xbox content and services. This is according to the results for the quarter ended June 30, 2021, as compared to the corresponding period of the last fiscal year.

Xbox hardware revenue increased 172% driven by higher price and volume of consoles sold due to the Xbox Series X|S launches. Brand Spur gathered that Microsoft Xbox content and services revenue decreased $128 million or 4% driven by a decline in third-party titles on a strong prior year comparable that benefitted from stay-at-home scenarios, offset in part by growth in Xbox Game Pass subscriptions and first-party titles.

Microsoft Gaming xbox
Photo by Louis-Philippe Poitras

The Microsoft revenues grew by 21% compared to the year-ago quarter, while its net income expanded by a more toothsome 47% over the same time frame.

Satya Nadella, chairman and chief executive officer of Microsoft commented:

“We are innovating across the technology stack to help organizations drive new levels of tech intensity across their business.“Our results show that when we execute well and meet customers’ needs in differentiated ways in large and growing markets, we generate growth, as we’ve seen in our commercial cloud – and in new franchises, we’ve built, including gaming, security, and LinkedIn, all of which surpassed $10 billion in annual revenue over the past three years.”

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