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Microsoft Loses 1.89 Billion on Xbox Division

Filed in archive News by Richard on July 23, 2007

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Microsoft's entertainment division is in the hole 1.9 billion US this year partly in thanks to the costs associated with that three-year warranty extension. Sounds like a lot, right? But despite these losses our dear departed Peter Moore still predicts a better future for the 360:
Real quick: are you still going to be profitable for the next fiscal year? Yes. sir. Yes indeed. Absolutely.
Of course, 1.9 billion is just a drop of water from the Microsoft money ocean but it does make one wonder: exactly how much would they have to lose on this thing before they gave up?


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Tags: microsoft  losses  profit  xbox  2007  microsoft+loses  loses+billion  xbox+division 

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