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Thursday, April 28, 2011
Xbox division sales up 60%, 2.4 million more Kinects sold
The January-March quarter was a good one for Microsoft's Entertainment and Devices Division, which includes the company's Xbox 360 business. The division saw revenue for the sector reach $1.94 billion, a year-over-year division increase of 60 percent.
Overall, Microsoft saw revenue of $16.43 billion, a year-on-year increase of 13 percent over the same quarter--the third of Microsoft's fiscal year--in 2010. Fiscal third-quarter profits were $5.23 billion, or $0.61 per share.
"We delivered strong financial results despite a mixed PC environment, which demonstrates the strength and breadth of our businesses," chief financial officer Peter Klein said in a statement. "Consumers are purchasing Office 2010, Xbox, and Kinect at tremendous rates, and businesses of all sizes are purchasing Microsoft platforms and applications."