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."
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)