James Delahunty
29 Apr 2007 18:47
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%.
500,000 Xbox 360 consoles were shipped during the quarter, compared to 1.7 million in the same period of 2006, which was the first full quarter the console had on the market since its launch in late 2005. The total number of shipments since the console was launched stands at about 11 million.
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