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Microsoft Sells 5 Million X360s But Profit Drops
by Rainier on July 21, 2006 @ 7:05 a.m. PDT
Microsoft today released its Q4 fiscal results, and while overall revenue increased, the profit dropped almost 24%. Most interesting, of course, are the games-related numbers, where Microsoft is happy to announce sales of its Xbox 360 are going steady, and it has now reached an install base of 5 million. Unfortunately, since the next-gen console is sold at a loss, that resulted in a 106% loss increase, even though revenue increased 94%. Microsoft hopes to achieve a positive margin over the Xbox 360 console life cycle, although so far, the original Xbox is still turning a profit.
Microsoft today released its Q4 fiscal results, and while overall revenue increased, the profit dropped almost 24%. Most interesting, of course, are the games-related numbers, where Microsoft is happy to announce sales of its Xbox 360 are going steady, and it has now reached an install base of 5 million. Unfortunately, since the next-gen console is sold at a loss, that resulted in a 106% loss increase, even though revenue increased 94%. Microsoft hopes to achieve a positive margin over the Xbox 360 console life cycle, although so far, the original Xbox is still turning a profit.
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