Xbox Division records $1.9 billion loss

Xbox Division records $1.9 billion loss

Published On July 20, 2007 | By Console Monster | News

In its latest fiscal year report, Microsoft’s Entertainment and Devices Division, which the Xbox 360 comes under, recorded a $1.89 billion loss a decrease of 47%. The majority of this loss is down to the recent announcement that Microsoft is investing a little over $1 billion to extend the warranty of the Xbox 360 to three years.

Annual revenues for the Entertainment and Devices Division were up 28% to just over $6 billion thanks to Xbox 360 hardware sales and the launch of the Zune amongst other things.

As a whole Microsoft announced revenues were up to $13.37 billion in the last quarter (up 13%) and up to £51.12 billion in the year as a whole (up 15%).

Originally Written By: Scott Webber

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