5 Million 360's Now Shipped

5 Million 360’s Now Shipped

Published On July 21, 2006 | By Console Monster | News

Microsoft’s latest financial report has revealed that the company has now shipped 5 million Xbox 360s, hitting the company’s target. 1.5 million units were sold pre-Christmas 2005. 1.7 million units were sold in the third quarter of the fiscal year and 1.8 million were sold in the three months leading up to June 30th 2006.

3.3 million units were sold in North America alone with Europe fairly far behind with just 1.3 million units sold. Only 400,000 units were sold in Asia. Microsoft also reiterated its belief that the company can ship 10 million units by time the PS3 and Nintendo Wii launch, however with the launch of both around 4 months away, this target seems to becoming more difficult to achieve. Microsoft also added a new ambitious sales target, namely, 15 million units shipped by the end of the next fiscal year in June 2007.

Despite the good sales, Microsoft’s Home & Entertainment Division suffered losses of $414 million, but still has healthy revenues of $1.14 billion. Microsoft as a whole suffered a drop in profits down from $3.7 billion to still huge amount of $2.83 billion.

Originally Written By: Scott Webber

About The Author

Console Monster is an independent gaming website that is dedicated to the Xbox and PlayStation gamer. Established in 2005 our team of UK and USA volunteer gamers bring our readers regular console gaming articles. If you are looking for a platform to get yourself heard, we would love to hear from you!