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Xbox 360 - 6 Million Served, MS Game Division Revenue Up 70%

Microsoft today announced its first quarter results for the period ended September 30, revealing revenue of $10.81 billion (up 11 percent) and net income of $3.48 billion (up from $3.14 billion last year). More importantly from a gaming perspective, Microsoft revealed that it's now achieved worldwide Xbox 360 sales of 6 million units. The company previously mentioned that it had sold 5 million through June and expects to sell 10 million by the end of 2006.

The company's Entertainment and Devices division, formerly the Home and Entertainment unit, experienced 70 percent revenue growth year-over-year "driven by demand for Xbox 360 consoles, software, peripherals, and Xbox Live." The division posted $1.03 billion in revenue and an operating loss of $96 million, slightly narrowed from last year's loss of $173 million during the same period.

The company's 10-Q statement revealed further detail: "Xbox and PC game revenue increased $319 million or 107% due to higher console volumes and higher Xbox video game revenue driven by the launch and by more software title releases. We sold approximately 900,000 Xbox 360 consoles during the first quarter of fiscal year 2007.


View: Full Story @ Game Revolution

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