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Microsoft's Xbox division loses $229 million


2:00 PM on 04.20.2012
Microsoft's Xbox division loses $229 million  photo



Microsoft's entertainment and devices division has not been too lucrative lately, with figures revealing a loss of $229 million in the three months ending March 31. As this console generation begins to wrap up, news arrives of Xbox 360 sales falling by nearly 50%. 

Revenue was down 16.5%, coming in at $1.6 billion, while 360 sales stood at 1.4 million compared to last year's 2.7 million. Microsoft has spun the losses, blaming the decline of the "soft gaming console market" and stressing that the 360 is still the best-selling console in the States over a period of 15 months. 

The company overall didn't do too badly, with revenue rising 6% to a total of $17.41 billion. Operating income rose 12% to $6.37 billion.

I will never get over these types of stories. I can't begin to imagine what a billion dollars looks like, never mind over 17 billion. Stupid Microsoft and its money. Aaron Greenberg can bloody buy me some new shoes. 

Microsoft's Xbox division loses $229 million [Edge]






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