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Xbox Division Posts Q1 Profit
>> From next-gen.biz:
[QUOTE]
Microsoft has reported a quarterly profit in the Xbox's Entertainment and Devices Division, as the segment aims for its first full year of profitability.
Microsoft posted unaudited operating income for its first quarter ended September 30 of $165 million in the Entertainment and Devices Division, compared to a loss last year of $142 million.
Overall, Microsoft revenues were up 27 percent year-on-year to $13.8 billion, beating the guidance of $12.4-$12.6 billion. Operating income was $5.9 billion, similarly exceeding the guidance of $5.0-$5.2 billion.
During the quarter, Microsoft said it sold 1.8 million Xbox 360 consoles, with record attach rates during the quarter in the US.
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Full Story: next-gen.biz
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