Microsoft Announces Quarter Earnings

[Colin 0]

This evening the company announced their second quarter earnings to the world, though not much was surprising. Microsoft's Home and Entertainment division managed a $55 million profit last quarter, but encountered a $293 million loss this time around. Thing is, most of those are probably attributable to the Xbox 360 and the immense expenses required for the global launch.

Microsoft has confirmed selling 900,000 Xbox 360s in North America, 500,000 in Europe and something between 0 and 100,000 in Japan. Either way, it adds up to 1.5 million. The numbers are lower than Microsoft originally anticipated, and while Japan's are unsurprising, Europe seem a little lopsided. In order to put all the numbers in perspective, though, we chatted with Microsoft's Xbox global business manager Maroof Haque about what it all means.

Full Report

Could have done better but looking good for March onwards.

[Sup 0]

Just as expected, really. Console transitions are never good for anyone.

[the.ronin 5]

In fairness, its console systems are the company's first foray into hardware. They were bound to screw it up. They were late with the xBox and that dinged them plenty. They were early with the x360 but not enough were made.

Also, its server business really helped quarterly earnings pushing revenue up 9% and its stock up close to 5% and near its 52-week high.