| Thread Tools |
31st January 2005, 10:27 | #1 |
Madshrimp Join Date: May 2002 Location: 7090/Belgium
Posts: 79,021
| Microsoft’s Xbox Business Finally Becomes Profitable Five years after its foundation and a little bit over three years after the introduction of the Xbox console, Microsoft Home and Entertainment division announced operating profits, confirming that the console business model can work at Microsoft. The results of the group are explained by great sales of the Halo 2 game as well as rising interest towards Xbox in the USA and Europe. According to Microsoft, Xbox business revenues were up 20% and profits up 11% in the last quarter of 2004, which was due to introduction of the Halo 2 game – the successor of the most-popular Xbox title. The Home and Entertainment unit posted sales of $1.41 billion and profit of $84 million, both were record for Microsoft. Still, the software giant will need to sustain operating profitability in the coming years, as the company needs to cover its $2 billion Xbox marketing efforts as well as the costs of hardware the company needed to compensate earlier http://www.xbitlabs.com/news/multime...130063954.html
__________________ |
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Microsoft’s Kinect for Xbox 360 – The Future of Gaming is Here | jmke | WebNews | 0 | 15th June 2010 12:22 |
AMD Introduces ‘AMD Business Class’, Designed With Business in Mind | jmke | WebNews | 0 | 28th April 2008 09:33 |
Xbox 360 Finally Gets "Killer App" with Gears of War | jmke | WebNews | 0 | 8th November 2006 10:53 |
Microsoft predicts Xbox 360 to become profitable by July 2006 | jmke | WebNews | 0 | 29th December 2005 22:10 |
Microsoft’s Xbox 360 Demonstrated in Stores | jmke | WebNews | 0 | 25th October 2005 18:32 |
3 Million Xbox 2 Consoles This Year | jmke | WebNews | 0 | 14th April 2005 11:27 |
Xbox 2 peripherals to be compatible with PCs | jmke | WebNews | 0 | 26th September 2004 21:44 |
Microsoft’s Xbox 2 Architecture Unveiled | jmke | WebNews | 3 | 27th April 2004 14:31 |
Thread Tools | |
| |