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Analyst: Vista, Xbox Could Boost Microsoft Past Estimates
>> From ibtimes.com:
[QUOTE]
Software giant Microsoft is expected to post earnings for its second quarter next Thursday, as one analyst points towards strong sales of the company's game-console and new operating system to help fuel the company's revenue.
Microsoft's Xbox 360 game console outsold rivals this holiday season, with market research firm IDC reporting cumulative sales of 10.4 million units at the end of 2006. Experts from investment bank Friedman, Billings, Ramsey had predicted sales of only 10.2 million.
"With a strong holiday season, we believe the Entertainment and Devices division could beat our revenue estimate of $2.78 billion, which represents growth of 68 percent year-over-year," said the investment bank's David Hilal.
Hilal noted however, that while better than expected console sales could drive higher revenues, impact on the bottom line will "not be significant."
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Full Story: ibtimes.com
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