Microsoft to ship 13-15 million 360s by June 2007

Iria · Jul 25, 2006, 06:27 AM

Source: GameSpot
__________
Yesterday, Microsoft announced robust earnings for its 2006 fiscal year, which ended on June 30. Inside its financial report, the company also revealed the results for its Home and Entertainment division, which manufactures and markets the Xbox 360.

The year-end tally brought both bad and good news on the Xbox 360 front. As is the case with most platform launches, each new console is costing Microsoft money--so much money, that Xbox 360 costs wiped out income from Home and Entertainment's profitable projects. Though the division took in $4.2 billion in fiscal-year revenue and $1.14 billion of revenue during its most recent quarter, it is still in the red. The department suffered an annual operating loss of $1.26 billion and a quarterly operating loss of $414 million.

Jul 25, 2006, 06:27 AM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	Microsoft to ship 13-15 million 360s by June 2007 Source: GameSpot __________ Yesterday, Microsoft announced robust earnings for its 2006 fiscal year, which ended on June 30. Inside its financial report, the company also revealed the results for its Home and Entertainment division, which manufactures and markets the Xbox 360. The year-end tally brought both bad and good news on the Xbox 360 front. As is the case with most platform launches, each new console is costing Microsoft money--so much money, that Xbox 360 costs wiped out income from Home and Entertainment's profitable projects. Though the division took in $4.2 billion in fiscal-year revenue and $1.14 billion of revenue during its most recent quarter, it is still in the red. The department suffered an annual operating loss of $1.26 billion and a quarterly operating loss of $414 million.