Microsoft's Xbox Division Profitable for the First Time, Posts $524M Profit

malware · Jan 25, 2008, 06:50 PM

Microsoft's Entertainment and Devices division, the portion of the company responsible for the Xbox line of video game consoles, has brought in profits of over $500 million for the first time. Financial documents from Microsoft reveal that, during the first six months of the company's 2008 fiscal year, the entertainment division brought in $4.98 billion in revenue, marking an operating profit of $524 million. During the same time period in the 2007 fiscal year, the division amassed $3.98 billion in revenue but reported a loss of $423 million. Overall the company shipped 4.3 million Xbox 360 units in the quarter, adding up to 17.7 million since shipped launch, with a total of 9.15 million sold in North America. As previously reported, Microsoft reported the whole of its $1.06 billion loss due to the Xbox 360 warranty extension in its 2007 fiscal year.

Source: Shacknews

Dangle · Jan 26, 2008, 12:40 AM

That's a nice chunk of change. I hope Xbox keeps up the good work; some dedicated servers would be nice.

ShadowFold · Jan 26, 2008, 12:59 AM

Thats good since Windows Live was a failure lol

effmaster · Jan 26, 2008, 05:50 AM

Quote:

Originally Posted by ShadowFold

Thats good since Windows Live was a failure lol

Unfortunately

I really wish that more developers had stood behind Windows Live and what it stood for. I mean look at it the only real game that really worked for it was Shadowrun and look where that developer is now: SHUT DOWN

Well the only words I have in response to the main topic at hand here is:

DOES ANYONE ELSE HEAR THE WORDS PRICE DROP COMING VERY SOON?

eidairaman1 · Jan 27, 2008, 12:30 AM

now thats funny, 3 years later it finally becomes profitable, hmm quality from MS= Oxymoron

Water Drop · Jan 27, 2008, 01:09 AM

Quote:

Originally Posted by eidairaman1

now thats funny, 3 years later it finally becomes profitable, hmm quality from MS= Oxymoron

The Xbox was launched in 2001.

Nice to see them turn a profit, and hopefully this means they'll stay in the videogame console market. I have really enjoyed my Xbox 360, and I will probably buy the next Xbox console, unless Nintendo acctually makes a real console next generation.

eidairaman1 · Jan 27, 2008, 01:14 AM

Talking about the 360 Drop

Water Drop · Jan 27, 2008, 01:18 AM

Quote:

Originally Posted by eidairaman1

Talking about the 360 Drop

This is about the whole Xbox division, not just the 360. The whole division was started in 2001 or earlier.

On a side note, I didn't realize it was you that I was responding to till you told me on Xfire

jothy · Jan 28, 2008, 01:32 AM

that's quite a turnaround

Jan 25, 2008, 06:50 PM	#1
malware Eligible for custom title Join Date: Nov 2004 Location: Bulgaria Posts: 5,413 (1.74/day) Thanks: 78 Thanked 986 Times in 497 Posts System Specs	Microsoft's Xbox Division Profitable for the First Time, Posts $524M Profit Microsoft's Entertainment and Devices division, the portion of the company responsible for the Xbox line of video game consoles, has brought in profits of over $500 million for the first time. Financial documents from Microsoft reveal that, during the first six months of the company's 2008 fiscal year, the entertainment division brought in $4.98 billion in revenue, marking an operating profit of $524 million. During the same time period in the 2007 fiscal year, the division amassed $3.98 billion in revenue but reported a loss of $423 million. Overall the company shipped 4.3 million Xbox 360 units in the quarter, adding up to 17.7 million since shipped launch, with a total of 9.15 million sold in North America. As previously reported, Microsoft reported the whole of its $1.06 billion loss due to the Xbox 360 warranty extension in its 2007 fiscal year. Source: Shacknews

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Jan 26, 2008, 12:40 AM	#2
Dangle Banned Join Date: Dec 2007 Location: Reno Posts: 411 (0.21/day) Thanks: 129 Thanked 17 Times in 17 Posts System Specs	That's a nice chunk of change. I hope Xbox keeps up the good work; some dedicated servers would be nice.

Jan 26, 2008, 12:59 AM	#3
ShadowFold Eligible for custom title Join Date: Dec 2007 Location: Omaha, NE Posts: 12,855 (6.50/day) Thanks: 1,381 Thanked 1,681 Times in 1,498 Posts System Specs	Thats good since Windows Live was a failure lol

Jan 27, 2008, 12:30 AM	#5
eidairaman1 Eligible for custom title Join Date: Jul 2007 Location: HTX Posts: 10,078 (4.69/day) Thanks: 1,359 Thanked 1,159 Times in 1,035 Posts System Specs	now thats funny, 3 years later it finally becomes profitable, hmm quality from MS= Oxymoron

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Jan 27, 2008, 01:14 AM	#7
eidairaman1 Eligible for custom title Join Date: Jul 2007 Location: HTX Posts: 10,078 (4.69/day) Thanks: 1,359 Thanked 1,159 Times in 1,035 Posts System Specs	Talking about the 360 Drop

Jan 28, 2008, 01:32 AM	#9
jothy Join Date: Apr 2007 Posts: 37 (0.02/day) Thanks: 1 Thanked 1 Time in 1 Post	that's quite a turnaround

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