Microsoft's Xbox Division Shows Signs of Maturing
Microsoft (MSFT) Xbox Division's Sales Increase 68%
Microsoft's entertainment division, which includes the Xbox, Games for Windows and Zune, posted a profit as sales increased by 85% during Q3. This is the third consecutive quarter that the division has posted a profit. Before this fiscal year, the division had only reported a profit during the quarter that Halo 2 shipped.
For the three months ending March 31st, division posted sales of $1.58 billion compared to $936 million during the same period a year ago, an increase of 68%. Xbox 360 and PC revenues contributed $418 million to this amount. It posted profits of $39 million, compared to a loss of $324 million a year ago. The company shipped 1.3 million Xbox 360s during the quarter.
For the nine months ending March 31st, the division reported sales of $6.57 billion, up from $4.92 a year ago. It posted profits of $614 million, compared to a loss of $746 million a year ago.
Microsoft, overall, had sales of $14.45 billion.
Disclosure: None
Get Seeking Alpha Free Stock Alerts by Email!
Get Free Stock Alerts by Email!
ETFs In Focus
-
Editor's Picks
-
Most Popular
- Apocalypse Dow: The Search for Scapegoats
- This Isn't a Bottom, It's a Disturbance in The Force
- Reading the S&P 500's Crashing Waves
- On a Return to Normalcy: Dow 8,500
- Looking Back at Lehman: Lying, Scapegoating and a General Lack of Accountability
- iShares ETF Tracking Error: Risks and Explanations
- Full list of Editor's Picks »
- Nation's Debt: It's Not Being Rescued, It's Being Moved Around »
- Clueless - Cramer's Mad Money (10/8/08) »
- Cramer Should Be Suspended »
- Crazy P/E Ratios »
- This Isn't a Bottom, It's a Disturbance in The Force »
- Sirius Shares Priced Like Stamps »
- Wall Street Breakfast: Must-Know News »
- Earnings Preview: General Electric »
- Cramer: Dow Could Drop Another 14%, Oil's Going to $50 »
- 5 Reasons Stocks Will Keep Falling »
- Similarities to U.S. 1937, Japan 1998 »
-
Long Ideas
-
Short Ideas
-
Cramer's Picks
- 'When There's Blood in the Streets', Buy Biotech Stocks
- Midstream MLPs Crashing, Present Opportunity
- A Fresh Look at Shipping Company Stocks
- Panic Selling in InterOil: What Now?
- Potash Corp.: No Liquidity Problems Here
- The Year of the Bear
- Cobalt: More Than Just Blue
- Investors Can Find Comfort in Big Blue
- Hershey: The Perfect Recession Investment?
- Applied Materials Leads by Example
- Full list of Long Ideas »
- The Short Case for General Electric
- Too Late to Short SPY? An Historical Perspective
- Henderson Group: Profit Warning Surprises Short Investors
- Decreasing Chipotle Traffic Could Spell Trouble
- Why I Sold Lowe's Short
- Accor, Host and Marriott: Short Interest Heats Up
- Global Financial Crisis Makes Oil a Great Hedge
- Michael Page International: Stock Down on Market Weakness
- Gaming Stocks Still a Poor Bet - Barron's
- After Coming Rate Cuts, Some Appealing Short ETFs
- Full list of Short Ideas »
- Prefer a Yield - Cramer's Lightning Round (10/10/08)
- Bulls Take a Stand - Cramer's Stop Trading! (10/10/08)
- Clueless - Cramer's Mad Money (10/8/08)
- Torpedo Dry Ships - Cramer's Lightning Round (10/8/08)
- Chocolate Lover - Cramer's Mad Money (10/7/08)
- Yield is King - Cramer's Lightning Round (10/7/08)
- Goldman Disses Solar - Cramer's Stop Trading ! (10/7/08)
- Time to Hoard Cash - Cramer's Mad Money (10/6/08)
- Buyers On Strike - Cramer's Stop Trading! (10/6/08)
- Still Bullish on RIMM - Cramer's Lightning Round (10/6/08)
- Full list of Cramers Picks »
Trading Center
Hedge Fund Jobs
Job Seekers: Search jobs by category, get job alerts by email or live feed, apply online See full list of jobs »
Employers: See all recruitment options, get applications online or by email Post a job »




This article has 1 comment: