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Microsoft's Revenues Up Except for Games Division

Posted by Zonk on from the taking-a-loss-on-the-360 dept.

Gamasutra reports on Microsoft's announcement that their revenues are up, but the games division has seen a sharp decrease in profitability. From the article: "Microsoft's Home and Entertainment division, which overall includes the Microsoft Xbox video game console system, PC games, the Home Products Division, and TV platform products for the interactive television industry, saw revenue of $1.56 billion in the 3 months to the end of December and a significant loss of $293 million, compared to $1.37 billion revenues and a small profit of $55 million in the same period last year."

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  1. Another important headline... by Metroid72 · · Score: -1, Offtopic

    I noticed this story on the same link. I figured I post it here since it doesn't meet the usual "Nintendo is doomed" criteria for being published. "Profits Double For Nintendo On DS Success Officials from Nintendo have announced the company's third quarter results, with profits more than doubling for the company, from ¥21.3 billion ($183.7m) in the same period in 2004 to ¥55.66 billion ($480.3m) in 2005, thanks to continued strong sales of the Nintendo DS handheld, specifically in Japan but also elsewhere in the world. Operating profit for the company was roughly flat compared to the previous year at ¥63.17 billion ($544.9m). Following these positive results, the company has kept to its full year estimates of a net profit of ¥75 billion ($646.9m), compared to ¥87.4 billion ($754.0m) a year earlier. The company has also kept its full year unit sales forecasts for the Nintendo DS, Game Boy Advance and GameCube unchanged, despite poor sales of the latter contributing to disappointing results in previous quarters this year. Software sales during the all-important Christmas sales period were said to be strong, but as normal the company's vacillating profits were equally influenced by its enormous foreign currency holdings, with an overall war chest now estimated to be worth close to $10 billion. Share in the company closed up 1 percent at ¥16,380 ($141.3) on Thursday. Overall, over the first nine months of the current financial year, shares in Nintendo have risen an impressive 23.3 percent." P