Microsoft Earning Down, Xbox 360 Sales Up

Posted: Apr 23 2009, 8:30pm CDT | by , Updated: Aug 11 2010, 2:00pm CDT , in Technology News


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Microsoft today announced their third-quarter revenue results, and while total revenues dropped 6 percent year-over-year, Xbox 360 sales provided a silver lining.

Microsoft’s Entertainment and Devices division, which includes the Xbox, was $31 million in the red for the quarter, but Xbox 360 sales totaled 1.7 million units, up almost 30 percent from a year ago. Also, the average number of games and accessories per owner jumped 7.5 and 3.6 respectively in 2008, to a current number of 8.3 and 3.9.

According to Gamespot, Microsoft Chief Accounting Officer Frank Brod touted the Xbox’s business success in a conference call to discuss the earning. Brod claimed that since July 2008, Microsoft had sold 10 million Xbox 360s worldwide, 15 percent more than the entire previous fiscal year.

[Via Gamespot]

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Manfred "Luigi" Lugmayr () is the founding Chief Editor of I4U News and brings over 25 years experience in the technology field to the ever evolving and exciting world of gadgets, tech and online shopping. He started I4U News back in 2000 and evolved it into vibrant technology news and tech and toy shopping hub.
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