Xbox is having a pretty great year so far.

The Xbox Series X and Xbox Series S are the best-selling hardware for the first quarter of 2022 thus far, at least in terms of dollars made. This news comes to us from the latest NPD Group analysis that combined sales of the Series X and S not only topped the charts for March but for the entirety of Q1.

This is probably a bit surprising to hear given how well the PlayStation 5 started out 2022. Sony's latest was the best-selling console in the United States in January 2022, but it seems as though the continued supply restrictions didn't help them to keep the momentum going.

While Xbox took the crown in terms of money earned in Q1, Nintendo actually sold more units than either Sony or Microsoft. The Nintendo Switch sold more units in March and for all of Q1 combined.

March 2022 was Microsoft's best performing March since back in 2011. This is when the Xbox 360 had the most units sold against the competition. In 2014, Microsoft also had a banner March when the Xbox One came out on top against all challengers for most dollars made.

Despite the good news for Microsoft, the entire industry is seeing a bit of a slump. Hardware sales are down 24% compared to Q1 2021. Sales of accessories are down 16%. Game sales are down 7%.

Sales of Elden Ring topped the charts in March, seeing double-digit growth when compared to February, the month it launched in. Elden Ring is still the top selling game of the year and the second best-selling game of the past 12 months. Only Call of Duty: Vanguard has sold more units over the past 12 months than Elden Ring has.