Microsoft Corp. this week recorded a 16 percent in the division that includes the Xbox business in third quarter results.

The Entertainment and Devices division this week posted revenue of $1.62 billion, a 16 percent decline from the year prior.

Microsoft cited a soft gaming market for the decline. However the Xbox 360 held as the top console for the 15th consecutive month, and the company this quarter introduced new entertainment options to Xbox Live service to more than 40 million members.

Overall, Microsoft held Q3 revenue of $17.41 billion for the period ended Mar. 31, 2012, a six percent increase from the year prior.

In addition, operating income increased 12 percent to $6.37 billion.

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