Microsoft's Xbox division posts first ever year-long profit

NIntendo is king, but Microsoft's gaming division still managed to post its first ever year-long profits this week.

I can has profits?

I can has profits?

The latest NPD report may have been all Nintendo (again), but Microsoft had a milestone of its own worth crowing about this week: its gaming division posted its first full-year profit, ever.

It's quite an accomplishment for the division, which houses the Xbox team, especially considering the multi-year losses it has posted year-over-year before today.

As of June 30, the Xbox division on its own made Microsoft $426 million in operating profits, and $8.1 billion in total sales. According to the company's 4th quarter report, those numbers are up 34% from the year before, when it lost the company nearly $2 billion. Of course, the Entertainment and Devices division (which houses the Xbox team) as a whole still ended up losing $188 million for the year.

In its report, Microsoft said the gains were due to increased Xbox 360 sales, Halo 3, Xbox Live subscriptions and services, and accessory sales.

THE VERDICT by Jack Loftus Jack Loftus's Avatar This is good news before the storm, perhaps. With PS3 gaining on the Xbox 360 each month, little by little, the toughest days are ahead in this two-horse race for second place.

Comments [68]

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wnine

now just take a few minutes to meet more people who like to play games...on--EUAGELESS.COM here are so many rich and hot singles want to meet friends to play games...

HolyOne

HEY SONY FANBOY SHEEP.... too bad sony has lost billions on each console and will continue, but you brain dead clowns break out with the idea for them to have a price cut to outsell the Wii and the 360... BWAHAHA.... that means they will lose even MORE MONEY since they lose on every console they sell anyway.. another lame-brain idea from the sony sheep, and too bad the old man smoking cigarettes didnt affect sony bottom line... LOLOLOL

udead

this is amazing i thought they were loosing like sony is also sonys losses are 3 billion in a year and a half. How did m.s. finally pull this one off?

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