Quantcast
Microsoft's Xbox division loses $229 million - Destructoid




Game database:   #ABCDEFGHIJKLMNOPQRSTUVWXYZ         ALL     Xbox One     PS4     360     PS3     WiiU     Wii     PC     3DS     DS     PS Vita     PSP     iOS     Android


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]






Comments not appearing? Anti-virus apps like Avast or some browser extensions can cause this.
Easy fix: Add   [*].disqus.com   to your software's white list. Tada! Happy comments time again.

Did you know? You can now get daily or weekly email notifications when humans reply to your comments.






Industry Bull

7:00 PM on 09.03.2014
New 3DS is region locked because of course it is

Nintendo announced the New 3DS and New 3DS XL last week during a Direct presentation. These are coming first to Japan this October with a new C-Stick, additional shoulder buttons, better 3D, near-field communication for amiib...more



7:30 PM on 08.26.2014
EA aims to make $1 billion from extra content this year

Everyone knows that downloadable add-ons for videogames have become a profitable trend in recent years. This year, EA's aiming high and hopes to rake in a record amount of revenue from DLC. According to an article on Bloomber...more



2:00 AM on 08.26.2014
Google supposedly bailed on Twitch deal because of antitrust issues

Amazon's recent acquisition of Twitch.TV for more than $1 billion might come as a surprise to anyone that had been following various suitors' attempts to buy the streaming mogul. As of late, it had seemed as if Google was poi...more



View all Industry Bull






Back to Top




All content is yours to recycle through our Creative Commons License permitting non-commercial sharing requiring attribution. Our communities are obsessed with videoGames, movies, anime, and toys.

Living the dream since March 16, 2006

Advertising on destructoid is available: Please contact them to learn more