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Xbox: Saving Microsoft?

sjohnson
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Posted April 24, 2008 - By Stephen Johnson

The Xbox division was one of the only bright spots in Micrsoft's earnings report this quarter.

While profits overall declines 11% for the year, Xbox video-game unit was rockin'. Sales growth was almost double some forecasts. The business posted its third straight quarterly profit and revenue rose 68 percent to $1.58 billion. Microsoft predicted growth of 25 percent to 35 percent.

Exclusive titles like "Halo 3'' and ``Mass Effect''  were the key, analysts think.

It was "an outstanding Xbox quarter,'' said Canaccord Adams Inc. analyst Peter Misek in Toronto. "It's just amazing that a company this size is being driven by video games.''

Will it continue?

Bloomberg: Microsoft Earnings Decline 11%; Forecast Is

Xbox: Saving Microsoft?
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