1.1 Million Xbox 360 Shipped for the Quarter Ending June 30 - News
by William D'Angelo , posted on 19 July 2012 / 6,513 Views
Microsoft has released is fourth quarter earning reports which ended June 30. Microsoft's entertainment and devices division, which includes the Xbox 360, saw revenue increase 20 percent to $292 million. For the full year revenue increase to $9.6 billion, which profits at $364 million.
Microsoft shipped 1.1 million Xbox 360 in the quarter. This is down 0.6 million units compared to the same quarter a year ago. Total Xbox 360 shipments have reached 68.3 million units. Also Xbox Live subscriptions are up 15 percent year on year.
Microsoft as a whole reached $73.72 billion in revenue, which is a new record for the company. Income was at $22.26 billion and net profit was at $16.98 billion.
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They registered a loss because they buried a bad $6.2 billion investment (goodwill impairment charge)
It's basically a reduction in company value.. It's a non cash charge so it doesn't effect revenue or profit, just the statement. So for true values you basically just add 6.2 billion to total company and to online services division
Next quarter they will look like usual... And the quarter after that they will look absolutely godly
Well...that was pretty expected, but still depressing.
That works out to 85,000 X360s shipped per week globally during April - June 2012. Pretty weak figure. It's their weakest quarterly figure since the April - June 2008 quarter as well, which was four years ago. Should probably mention that Microsoft lost around $500m for the quarter overall too, which is kind of amazing for a company that profitable even though it's not a business based loss.
On the one hand we have analysts, who are very happy with MS performance and the ecord revenue (shares went up almost 3% after the reveal of these numbers, 20% up this year) on the other hand we have "TheSource" being disappointed.
