"We're making progress, with a lot more work ahead."

Image credit: Eurogamer

Xbox leader Asha Sharma has claimed there's "more demand than consoles available" when it comes to Xbox, and that console sales "remain constrained by supply".

She was speaking after Microsoft announced its quarterly financial results yesterday, in which Xbox revenue declined two percent year on year. The financials also revealed a drop in Xbox hardware sales, which are down 14 percent year-on-year, driven by a "lower volume of consoles sold".

Sharma's positive spin, which she posted on X , highlighted record-breaking performances of Minecraft and World of Warcraft: Forever, and applauded Call of Duty's "most acclaimed release in more than a decade". She also trumpeted double-digit revenue growth on PC.

Perhaps Xbox's (even more expensive) anniversary Xbox Series X , which goes on sale in November, will provide a much needed bump in hardware sales.…