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.