Microsoft Loses $177m on Xbox in Three Months
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."
Story here!
(-1, Raw and Uncut is the only way to read)
I've done it... I've sold my soul to the Beast and picked up an x-box live kit. I felt bad enough supporting MS, but when I had to give them a CREDIT CARD NUMBER, I knew I was screwed. But like all those that have sold their souls before me for riches, wealth, power, etc... I'm having one hell of a time. Mmmm... mech assault.
I'll probably be able to pick my soul back up on e-bay soon anyway, but eh.
-- Minds are like parachutes... they work best when open.
All things considered, dumping sounds perfectly in-character. A pity. MS has the potential to do great good. It certainly has the resources to revolutionise society for the better. Nope, we get dumping and questionable networking practices instead.
It's a small world and it smells funny; I'd buy another if it wasn't for the money; Take back what I paid (SoM)