Microsoft Loses 1.89 Billion on Xbox Division

Filed in archive News on July 23, 2007

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?