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Microsoft Loses $177m on Xbox in Three Months

Posted by ryuzaki0 on from the its-not-like-they-can't-afford-it dept.

Albanach writes "The BBC News are reporting in this story that Microsoft's Home Entertainment Division has filed a submission to the Securities and Exchange Commission reporting a loss of $177 million for the three months to 30 September 2002. The loss comes on revenues of $505m for the division that manufactures the Xbox games console. Microsoft are said to be prepared to spend $2 billion funding Xbox live over the next five years, suggesting it will be some time before the home entertainment division break into the black."

6 of 719 comments (clear)

  1. Only $177m? Who cares? by turambar386 · · Score: 5, Funny

    That's probably less than billg's annual pizza budget.

  2. Reminds me of a line form Citizen Kane by foistboinder · · Score: 5, Funny

    You're right, I did lose a million dollars last year. I expect to lose a million dollars this year. I expect to lose a million dollars *next* year. You know, Mr. Thatcher, at the rate of a million dollars a year, I'll have to close this place in... 60 years.
    -- Charles Foster Kane

    --
    Yet Another Web Site
  3. I knew I should've got another! by teamhasnoi · · Score: 5, Funny
    I was trying for 200 mill, by pouring Pepsi in the boxes at Walmart. Now I'll never get my 'Corporate Killer Anarchist' badge.

    Billy Henderson always wins, 'cause his dad's the scout leader.

  4. Re:500lbs Gorilla ... by Rader · · Score: 5, Funny

    Yea, I'm waiting for them to go into fast food. Give McDonald's a run for their money.

    Just think, a free 2-day Serial Key to MS-Office with every BillyBurger sold!

  5. Linux is the target .... by devleopard · · Score: 5, Funny

    It's obvious that Microsoft is trying to adopt the business philosophies of Linux-based companies in order to better compete with Linux. The idea of losing millions with a slim chance of attaining profitability in the distant future is something that companies like VA Software, Lineo, etc have been very good at.

    --
    The best thing about a boolean is even if you are wrong, you are only off by a bit.
  6. My heart is breaking. by talks_to_birds · · Score: 5, Funny
    Despite the losses Microsoft will not have to rein in its marketing and promotional efforts any time soon. The company has a cash pile of more than $30 billion to fund expansion.

    Even if it did not have this huge amount of cash on hand the $3.5 billion profits from its operating system and software divisions in the quarter more than offset any loss.

    I imagine billg broke into a cold sweat when he heard the news of this financial catastrophe...

    t_t_b

    --
    I'm on PJ's "enemies" list! Are you?