Microsoft Revenue Tanks But Xbox Division Profits, Nearly 34 Million Units Sold
by Rainier on Oct. 25, 2009 @ 1:14 a.m. PDT | Filed under News
Microsoft released its quaterly financial results, revealing revenue of $12.92 billion, a 14% decline from the same period of the prior year. Operating income, net income and diluted earnings per share dropped 25%, 18% and 17%, respectively, when compared with the prior year period. However, its Entertainment and Devices division profits nearly doubled (from $159 million to $312 million), fueled by a 50% profit increase from Xbox Live and titles like Halo 3: ODST.
