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Microsoft: Xbox profits may take at least two more years
>> From gamepro.com:
[QUOTE]
Microsoft COO Kevin Turner admitted last week that it may take at least two to three more years before the Xbox 360 turns a profit. Despite the recent financial and hardware troubles of the console, the Microsoft executive remained confident and committed to gaming.
"We are a software company, so we don't have decades of experience in the hardware business," Turner said in an interview with eWeek. "We are learning as we go in that space, and we still have a lot to learn, so we don't have it completely figured out... The [$1 billion in warranty losses] is a bad thing, but affecting customers is a worse thing."
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Full Story: gamepro.com
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