Andre Yoskowitz
25 Apr 2008 14:43
Citing "robust demand" for Xbox 360 consoles, Microsoft’s Entertainment and Devices division (Xbox division) has finally reported a profit, making $89 million USD for the Q3 fiscal 2008.
"During the three months ended March 31, 2008, Xbox platform and PC game revenue increased $418 million or 85% primarily as a result of increased Xbox 360 console sales, Xbox 360 video game sales, and Xbox Live revenue," the company said. "Xbox platform and PC game revenue increased $1.4 billion or 42% during the nine months ended March 31, 2008, as a result of increased Xbox 360 console sales, video game sales led by Halo 3, Xbox Live revenue, and Xbox 360 accessory sales."
Total sales for the fiscal year were up 34 percent to $6.57 billion. Microsoft cited 7.5 million 360 sales for the huge revenue growth.
The other electronic in the division is the Zune media device, which also appears to have helped to bring about the profit for the Q3. Microsoft did not go into any details however.
Revenue and possibly profit is expected to see a large surge in the upcoming weeks with the release of Grand Theft Auto IV which has some analysts predicting $400 million USD in sales opening week for both the 360 and PS3.