Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
September 22, 2017
arrowPress Releases






If you enjoy reading this site, you might also want to check out these UBM Tech sites:


Ye olde Xbox 360 drove some healthy revenues for Microsoft

Ye olde Xbox 360 drove some healthy revenues for Microsoft

April 18, 2013 | By Kris Graft




While Microsoft's next video game console waits in the wings for an expected reveal this year, its seven-and-a-half year old Xbox 360 is still helping drive revenues.

Microsoft reported revenues in the Xbox's Entertainment and Devices Division of $2.53 billion for the quarter ended March 31, a 56 percent increase over the same quarter a year prior. A $380 million "video game deferral" -- an advance against November 2012's launch of Halo 4 -- brought the adjusted revenue increase down to 33 percent.

While that's all well and good, it's Microsoft's cloud computing strategy that the company has really been banking on. This includes online-centric services like Office 365, Windows Azure, Skype and of course, Xbox Live. Speaking of which, Xbox Live membership saw an 18 percent bump to 46 million subscribers during the quarter.

For the quarter, the Xbox division saw a swing to operating profits of $342 million, up from a $228 million loss during the same quarter a year ago.

Total Microsoft revenues were $20.5 billion for the quarter, an 18 percent increase. That's just shy of analyst estimates, who were counting on Microsoft to get pounded by tepid PC hardware and Windows 8 sales. Overall Profits were $6.1 billion, up 19 percent. A boost in after hours share prices show that investors are relatively pleased.

See Microsoft's full report here.


Related Jobs

MindBlown Labs
MindBlown Labs — Any City - Remote Work, California, United States
[09.21.17]

Contract Unity Developer
N3TWORK, Inc
N3TWORK, Inc — San Francisco, California, United States
[09.21.17]

Full Stack Game Engineer
N3TWORK, Inc
N3TWORK, Inc — San Francisco, California, United States
[09.21.17]

Game Server Engineer
N3TWORK, Inc
N3TWORK, Inc — San Francisco, California, United States
[09.21.17]

Game Client Engineer









Loading Comments

loader image