Microsoft's Q2 gaming revenue was down 21% YoY to $3.4B, with hardware revenue down 43% YoY and Xbox content and services revenue down 11% YoY to $2.4B (Taylor Soper/GeekWire)

Taylor Soper / GeekWire:

Microsoft’s Q2 gaming revenue was down 21% YoY to $3.4B, with hardware revenue down 43% YoY and Xbox content and services revenue down 11% YoY to $2.4B  —  Microsoft’s Xbox business took a hit in the most recent quarter as the company prepares to debut its new Xbox Series X console this holiday season.