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Xbox Division Down $4 Billion

Posted by Zonk on from the ouch dept.

Forbes, in a long article about Microsoft's monetary situation, drops the news that the Xbox division is $4 Billion in the hole over the last four years. From commentary on C|Net: "That's a lot of money, even for Microsoft, which Forbes also says has a war chest of $40 billion in cash. Just before Thanksgiving, Microsoft will launch its next-generation console, the Xbox 360. The early word is that the 360 will also start its life as a loss leader, though Redmond insists the new box will soon be a moneymaker. Either way, it's got a long way to go to get back to even, and though Microsoft is a rich company, it surely doesn't want the Xbox 360 known as an albatross around its dividend-paying neck."

1 of 100 comments (clear)

  1. Xbox 360 = by theREALMcCoy · · Score: -1, Offtopic

    Last MS console. MS is in trouble all over the place. They can't stop open source. They missed the digital media boat. All that, and Bill gates looks more like a tool every day. Not to mention his lackey J Allard.