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Xbox division loses a lot of money
Posted on Wednesday, 25 July 2007 by Speed, source: Gamesindustry.biz
Gamesindustry.biz is reporting that Microsoft's Xbox division still isn't making any money. In fact, they're still losing lots and lots of it
Both console and game sales were down compared to last year but still Microsoft is confident the Entertainment and Devices division will run a profit by the end of the year.
I wonder how MS wants to make up for a 1.9 billion dollar loss...
Following the decision to set aside USD 1 billion for Xbox 360 repairs, the year-end loss for Microsoft's entertainment and devices division has reached 1.89 billion - up 47 per cent from last year.
Revenues for the year were up by 28 per cent to reach USD 6.08 billion, which the company said was due to increased sales of hardware, software, TVs and mobile devices.
Revenues for the year were up by 28 per cent to reach USD 6.08 billion, which the company said was due to increased sales of hardware, software, TVs and mobile devices.
Both console and game sales were down compared to last year but still Microsoft is confident the Entertainment and Devices division will run a profit by the end of the year.
I wonder how MS wants to make up for a 1.9 billion dollar loss...
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