Microsoft has posted a 22% increase in revenue for its Home and Entertainment division which includes the Xbox
console. Despite this, the division is still making a loss of $391 Million, down from $1.2 Billion last year. It seems
that Microsoft won't manage to break even for it's first foray into the console wars, let alone make an overall profit.
With the Xbox 360 expected to be a big loss maker in its
first year of production, it seems Microsoft is going to have to keep dipping into that $50 Billion cash reserve they
have stashed away. Ah well, they might as well spend it on something!
Posted on Jun 18th 2013 9:00PM
Posted on Jun 18th 2013 3:00PM
Posted on Jun 18th 2013 2:00PM