While Microsoft's Entertainment and Devices division has announced a drop in losses, the company has shown a loss in revenues for the division. The Culprit? - Microsoft is blaming lower Xbox 360 unit sales. In the three months ending March 31st, the division made an operating loss of $315 million, compared to $402 million last year. Revenues fell to $929 million from $1.2 billion, a drop of about 21%.
However, the first nine months in total of the company's fiscal year tells a different story of the division's performance, showing a rise in Xbox 360 console, peripheral and software sales. Adding on the sales of the Zune music player, there is a 42% year-on-year increase in revenues to $4.9 billion.
Source:
GamesIndustry.biz






