300°

MS Earnings Shows Xbox Div Profit

Microsoft has posted its earning for it's fiscal fourth quarter of 2008, posting the full fiscal year results alongside it. The company on a whole posted a $60.42 billion revenue for the year, up 18% over 2007.

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GiantEnemyCrab5764d ago (Edited 5764d ago )

Monie, monie, monie.

Come on MS now drop the prices of your HDD's!!

"According to the report, Microsoft shipped 1.3 million Xbox 360s in the three months ending June 30th; this compares to about 700,000 shipped in the same period last year. For all of fiscal 2008 the company shipped 8.7 million consoles, compared to 6.6 million the year before."

Since prices generally haven't increased I would say the 360 has been seeing an upswing not a downswing like many people claim. No wonder MS has been bullish with its console pricing.

NO_PUDding5764d ago

And yet.... PS3 is still beating it.

Fact... Please don't hate.

PimpDaddy5764d ago

Your right the PS3 is outselling the 360. It's also costing Sony more money than Microsoft. See unlike Sony, Microsoft is making money in it's gaming division. Thats even with the Zune hurting it's overall numbers.

On the other hand the PS3 is bleeding Sony Computer Entertainment so badly it wipes out any positive numbers from the PSP and PS2.

Fact... Please don't hate.

NO_PUDding5764d ago

No hatred at all... but you'll notice that the PS3 costs more, and has been out less tiem than the 360.

That affects this directly, and that's a fact too.

Eitehr way you look at it, Sony is doign pretty good, atleast better than 360 was doign respectively... and the PS3 is dealign with a saturated market. Shocking really.

karlostomy5763d ago (Edited 5763d ago )

Lol dude.

Given the precedent of the outlandish success of its predecessor (ps2), the PS3 sales are woeful. (FACT)

SONY are still in third place (FACT) and will most likely remain there throughout 2009 and 2010 and 2011 as they have no way of matching the dropping 360 pricepoint! (FACT)

Sony knows this and has been forced to sell their hardware at below cost, to even remain in the game. (FACT)
http://www.ps3fanboy.com/20...
I would not brag to anyone about the PS3 sales while they are making horrendous losses on each and every PS3 sold!

Make no mistake, PS3 is Leaking money like there's no tomorrow (FACT) and with each desperate attempt to claw back market share, the situation is getting worse. (FACT)
http://www.n4g.com/industry...

Not even the games that Sony has on their console can match the 360's superior effort, both multiplat and exclusive (FACT)
http://theexplodingbarrel.c...

Exclusives that once were the selling point of the ps2 are coming to the 360 one by one (FACT)
http://www.n4g.com/events_e...
http://au.gamespot.com/news...
http://www.joystiq.com/2006...

In point of fact, Sony and SDF alike should not be bragging about *anything* while this woeful situation continues...

Until the day that the PS3 turns a profit and outsells the 360 worldwide, they should all eat humble pie and STFU!

(FACT)

Obama5763d ago

Hitler, ps3 will outsell the 360 in 2009. FACT.

1 year lead the 360 first got outsold by the wii, then is catching up by the ps3. Pitful. A 10 million lead became a 4 million lead. haha.

karlostomy5763d ago (Edited 5763d ago )

I looooove it when you call me Hitler!
It just proves that you have no intelligent counter to my argument.
Lol what?... no RROD comment?
You are slipping obama....

By the way, I will expect a congratulatory PM from you by the end of 2009 when you are (once again) proven wrong.

NO_PUDding5763d ago

To be fair, half the things you said weren't facts are were predictions.

And predictions can't be facts.

So even if he said Hitler, you have just totally embarassed yourself.

And if the PS3 is doign badly in comaprison to the PS2, then imagine how badly the 360 is doing in comparison to the PS2? Woeful you say? There isn't even a word for the 360's performance.

karlostomy5763d ago

All my assertions were backed by industry links and are facts.

Here's the list again
1. PS3 Sales should be much better (ok. my opinion)
2. PS3 is in third place (fact, with link)
3. PS3 can't match pricedrops (fact, with link)
4. PS3 is still sold at a loss (fact, with link)
5. PS3 has accumulated tremendous losses (fact, with link)
6. PS3 multi/exclusives inferior (fact, with link)
7. PS3 exclusives are coming to 360 (fact, with link)

All of the above, bar one, are facts with links.

Don't hate, no_pudd....!

+ Show (5) more repliesLast reply 5763d ago
Angelitos5764d ago (Edited 5764d ago )

HaHa, GiantEnemyCrabs sticking with M$ that bribes game, and has overpriced hdds.

Montrealien5764d ago

so many comments, so many agrees and disagrees for so little approvals and report, odd no?

thekingofMA5764d ago

just be thankful that he's down to one bubble and you have to click 'view' to see his comment-

also be happy he dropped the "poor xbots," thing-

maybe it's a sign of maturity for that pathetic bastard?

Montrealien5763d ago (Edited 5763d ago )

I could swear he had two bubbles when I said that though. And at the time there where about 5 comments in both the gamer zone and open zone with a bunch of agree and disagrees across all comments with no reports or approvals. That is what I was commenting really.

Montrealien5763d ago

wow, that comment alone got me 6 dissagrees and 10 tracked users, hmmmm

Xi5764d ago (Edited 5764d ago )

It means that MS is going to try to remain a dominant factor in gaming, and competition is always good.

mcgrawgamer5764d ago

but it pretty much stabilizes their shareholders and investors concerns that they can actually make a profit the gaming space. At this point whether they "win" these so called console wars or not they are making a profit and that alone will keep them relevant in the industry.

morganfell5764d ago

It is not a good sign, it is a deceptive sign and the writers of that article are too financially ignorant to understand it. People like Giant Enemy Crab are easily deceived as well.

Revenue does not equal net profit income. You have to take revenue and then remove all the operating costs. This includes over a billion dollars to cover RROD.

At least we can see the article doesn't say the revenue = profit AFTER subtracting the RROD loss. They simply say it was charged back. It was charged back along with all of the costs. That has to be subtracted from the 1.575 billion. By the time you factor in all MS costs for the Xbox/Zune division I would guess they will be in the red....a loss.

nordberg5764d ago (Edited 5764d ago )

But still have a profit of 426 million for the year (thanks to software (PC and Xbox360)). Impressive after a loss 1969 million in 2007 fiscal year.

kewlkat0075764d ago (Edited 5764d ago )

MS, year to year gains?

If they did better than last year then it's still a positive and a step in the right direction.

Right here it says profit $426 million PROFIT..

http://www.gamesindustry.bi...

I think that's after you minus expenses..
You FAIL.

PimpDaddy5764d ago (Edited 5764d ago )

Maybe the financially ignorant person is you. The article is correct. I have broke down the article just for you so you don't sound so ignorant in the future.

That 1 Billion RROD charge was for the end of Fiscal Year 2007. So Fiscal Year 2008 which just ended does not include that.

"compared to a loss of $1.223 billion for the fourth quarter in 2007—during that quarter, Xbox 360 warrantee expansion charged $1.1 billion back to the division"

Microsoft lost money this past quarter that just ended thier fiscal year.

"The Entertainment Devices division, which containts the Xbox 360 and PC gaming business as well as the business for Zune, Microsoft Service and other devices and platforms posted $1.575 billion in revenue for the quarter, compared to $1.153 billion for the same period last year. This came out to a quarterly operating loss of $188 million"

But as we can see for the whole fiscal year 2008 they did make a profit. Also remember that the Entertainment division isn't just the 360, but PC, Zune, etc...

"Revenues for the division for the year came in $8.140 billion, compared to $6.069 billion for fiscal 2007. The division also posted a $426 million operating profit for the year, compared to the previous year’s loss of $1.969 billion. According to the report, Xbox 360 and PC gaming revenue for the year was up $1.7 billion, or 41%."

morganfell5764d ago (Edited 5764d ago )

No because I understand two very basic terms - revenue and profit. And I understand the difference between them. The writer of that article is a daft idiot for either A - not knowing the difference or B - knowing the difference and intentionally misleading people. Either way the article isn't worth the paper it would take with which to wipe my rear...and I don't use much. And the writer of the article, this clown Joe Keiser needs to buy himself a dictionary. First he had better make sure the money for the dictionary is from a net profit and not revenue.

OOG5764d ago

Net profit is a very important thing....but dont downplay revenue...of course once you consider every cost and expense you will get to your net profits and then you have to go figure out the shareholders take etc....

The only way you can really make a comment and judge the revenue is by seeing units sold of each product etc and compare to year b4 and compare the expenses etc etc etc.....

you trying to act like you smart by saying NET PROFIT but anyone who opens up a business book knows what net profit is...not like its a bright secret

uxo225763d ago (Edited 5763d ago )

Here are three words you need to learn.

TROLL!
GO AWAY!

Zeevious5763d ago (Edited 5763d ago )

with some significant additional details including an excerpt from Microsoft's COO.

37% year-over year increase & 34% increase in sales to 8.1 billion in total revenue.

The 427 million is up from the 2 billion loss the previous year, and it is being reported as a first-ever profit.

That statement cannot be made legally to shareholders if it does not comply with SEC requirements for publicly traded companies.
On that basis I would have to disagree with Morganfell.

If you do have information to the contrary you should let the SEC know of this discrepancy.

Although I may be accessing my system remotely at the moment, the numbers still add up in both Excel and Open Office. (and my phone too)

+ Show (6) more repliesLast reply 5763d ago
kewlkat0075764d ago

MS is now considered a threat.

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90°

7 Iconic Games That Put The PS1 On The Map

The first PlayStation is home to an array of iconic video games that went on to define the sheer significance of this console.

SimpleSlave16h ago

I think from a historical perspective I would change Spyro for Grand Turismo. It's the franchise that made the PS1 look like an absolute unit. Other than that, I can't argue with the rest when it comes to games that defined the PS1.

And to be honest, there should be space for Tekken 3, Wipepout and Tony Hawk's Pro Skater in order to round out the PS1 identity as the machine to own at the time.

With Tomb Raider 2, Silent Hill, Symphony of the Night, Tenchu, and Soul Reaver as backup contenders.

60°

Pacific Rim Pinball comes to Pinball FX

This could be fun as they make great tables. Go big or go extinct. Prime your senses for a neural handshake and step into the cockpit of a Jaeger. It is on you to cancel the apocalypse when Pacific Rim Pinball comes to Pinball FX on May 16.

290°

Microsoft’s Surface and Xbox hardware revenues take a big hit in Q3

Microsoft just posted the third quarter of its 2024 fiscal financial results. The software maker made $61.9 billion in revenue and a net income of $21.9 billion during Q3. Revenue is up 17 percent, and net income has increased by 20 percent.

Read Full Story >>
theverge.com
darthv723d ago

Xbox content + services up 62% while hardware down 31%... seems about right with the way they tout you don't need the hardware to play. People can play on their phones or smart tv or other means. I don't hardly play on my consoles directly since getting devices like the logitech g-cloud and ps portal. Which is to also say I have been playing more digital than physical because of these devices.

solideagle2d ago

you should apply in MS PR team buddy, I think you will do a great job in my humble opinion :)

Sonic18812d ago

I thought darthv72 and Obscure_Observer already work for Microsoft 🤔

dveio2d ago

MS: "Xbox services and content without AB up 1%, with AB up 62%. Hardware down 31%. In total a loss of 350 mill."

darthv72: "Seems about right."

MS: "Excuse m ..."

darthv72: "I don't hardly play on my consoles directly."

MS:

Lightning772d ago

What he said was facts. How he plays games is no concern of you. Don't get too mad about it.

Cacabunga2d ago

I can tell people like you are an absolute minority..

If service is up means their fans and fanboys accepted this model and subscribed to it. The near future you will see a big decline because the service is saturated.

darthv722d ago

to you it may seem like the minority... but your bubble is shrinking because more and more are following suit. convenience is a hell of a drug and its also why physical sales only amount to 30% of overall game sales. times are changing, you either get with them or you get left behind.

neutralgamer19921d 19h ago

Darth

30% physical sales: yet Phil and xbox division are in a rush go give up on that 30%. they don't have any right to give up any piece of the pie since the control such a little of the pie to begin with

also, the market is clearly speaking that the model Xbox is pushing isn't working right now the keyword being right now. you are right about freedom to play anywhere so i hope they put their games on steam

shinoff21832d ago

But that's been ms for years. When things aren't going their way they try to change the way things are said. For instance console sales are down, they stop telling how many sold instead telling us how many hours spent in halo or headshots. So it makes sense console sales down just say people are playing on more devices then previous. What they won't say is how many xbox players jumped ship to ps5.

Cacabunga2d ago

Hardware sales are so bad that Sony and Nintendo are blowing the sales off the water with their hardware.

If Xbox are losers, others aren’t..
Xbox already tried everything with Xbox live then subscriptions went down so much that they had to find something else. Their fans subscribed then reached saturation rather quickly.

Hardware and exclusive games is where it’s at! Keep gamers excited, announce decent software and people will support you

itsmebryan2d ago

@shin
Well keep it simple Sony 's operating income is down 26% and Microsoft's is up 32%. No MS spin there, just facts. 😉
Cheers

S2Killinit2d ago

MS is after diminishing consoles as a medium. They want to destroy this market because they couldnt win. MS’s vision is to dissolve console gaming.

romulus232d ago

Odd that a company that touts you dont need the hardware to play is already touting another console in the works.

darthv722d ago

They are not reliant on the HW but still want to maintain a presence (no matter how small) is a good thing. It shows commitment to the craft. It reminds me of SNK and how they made games for their own hardware (Neo Geo) while also making them for others because they knew there was a market to do so. They knew they would sell more to others but also sell to their own niche fan base.

TheEroica2d ago (Edited 2d ago )

Perfectly reasonable post down voted by insecure corporation friendly folk.... But not gamers. Real gamer want accessibility and ease of acquisition for all.... Company shills are the only ones still telling us that hardware locking people from games is good for us.

Chevalier1d 19h ago

@Darth

You should stop parroting metrics like an idiot without context.

"Xbox content and services revenue grew 62% in Q3 from a year earlier, “driven by 61 points of net impact” from the purchase of the third-party video game giant, Microsoft said."

61 of the 62% was from their merger so net increase is ONLY 1%

https://www.mesaonline.org/...

itsmebryan1d 10h ago

@chevalier

It looks like made a great purchase. Much better then Sony buying Bungie. 😉
Cheers

+ Show (4) more repliesLast reply 1d 10h ago
purple1012d ago

Xbox hardware revenue tanks to lowest point of Xbox Series generation

Profchaos2d ago

I'm not surprised surface is struggling they aren't relevant anymore

DOMination-2d ago

In the last two years they've started exiting the consumer market altogether. All of the newest Surface products are business models only. They can't seem to work out what they want to do with it.

XBManiac2d ago

Too expensive hardware when others offer the same or more for less? Good work, Green Team.

SimpleDad2d ago (Edited 2d ago )

"Despite some early successes for Xbox games on rival platforms, Xbox hardware is down by a massive 31 percent this quarter."
"Without Activision Blizzard, Microsoft’s overall gaming revenue would have actually declined this quarter."
"Xbox content and services would have only been up a single percent without Activision Blizzard..."
"It looks like next quarter is going to be a similar story for gaming at Microsoft, too."

That is crazy... so A/B/K is carrying the whole Xbox gaming.
Oh and Microsoft will be fine. Windows, Office and Cloud are growing with each pc purchase.

purple1012d ago

Activision: "we gonna need a bigger rucksack/backpack please"

Microsoft: "why's that"

Activision: "to carry yo' weak ass'

Profchaos2d ago (Edited 2d ago )

Top brass have also wanted to start seeing returns on the 100 billion they have put into various Xbox related moves so seeing more multiplatform games is highly likely especially from abk

It's basically saying that PlayStation is the reason Xbox is afloat right now thinks to Ps5 versions of COD

Kornholic2d ago

So basically PS and PC gamers' money is keeping Xbox on life support.

MrDead2d ago

The only growth MS will get out of the console industry is if it supports it's rivals platforms. Xbox is a pointless machine now. I can see them on a big push for live next, and they won't give up on trying to buy Steam.

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