X

Xbox: Saving Microsoft?

sjohnson
77 Comments

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?
http://www.g4tv.com/thefeed/blog/post/684884/xbox-saving-microsoft/
http://files.g4tv.com/images/blog/2008/04/24/633446506276097612.jpg
BlogThread_684884

ADVERTISEMENT

Blog Tags

g4tv.com
  • International Sexy Ladies Show: Messy Cat Fight

    Posted: January 27, 2010

    644,696 Views | 00:49

  • Sara Underwood's Naked Bike Ride

    Posted: June 22, 2011

    1,316,284 Views | 05:20

  • Laser Snake Robots, More Mars Rovers and BigDog Is Back

    Posted: September 25, 2012

    1,290 Views | 03:00

  • NBA 2K13 Launch Trailer

    Posted: October 4, 2012

    5,601 Views | 01:53

  • Casual Vomiting - Web Soup Investigates

    Posted: March 30, 2011

    7,570 Views | 02:52

AdChoices