Microsoft, an American technology company, has put out a new quarterly earnings report that showed the revenues of the company's games business decline.

During the company's fiscal fourth quarter, Xbox and gaming revenue went down $152 million. In a year-over-year breakdown, that's a 9 percent decrease for the three-month period from April to June. The huge reason for this decline is that, the sales of Microsoft for its consoles were less and a lower average price for the "Xbox One."

Also, some revenue declines pointed to the aging "Xbox 360," but its successor is the biggest factor for the company at this time. Console gaming held a huge part of the $99.6 billion in the gaming industry worldwide, however, the technology company is looking to take it on by also combining that segment with its PC-gaming efforts.

In terms of sales, "Xbox One" of Microsoft is one step behind the "PlayStation 4." In the U.S. alone, the console of Sony has outsold its Microsoft counterpart every month since October.

However, after announcing the slimmer "Xbox One S" in mid-June, Microsoft is also planning to launch the device for $300 early next month, according to Venture Beat.

Microsoft has their hopes up for new games on "Xbox One" and Windows 10 that led to a 13 percent upward spiral in hours spent on gaming on Xbox. And 19 percent increase in hours gaming on Windows 10 PCs, based on the report of Game Spot.

Anyway, Microsoft's revamp might be grasp soon, as the company will launch the Xbox One S in two weeks' time. Also, Microsoft noted that its Xbox Live platform is much better this quarter rather than the last one, Gamasutra reported.

The monthly active gamers on Xbox Live boosted up to 49 million, which is a 33 percent year-over-year increase.

Here's a glimpse of Microsoft's "One S":

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Tags Xbox One S, Microsoft, Xbox, Xbox 360, Xbox One, Technology company, PlayStation 4