Tech content trusted by users in North America and around the world
6,408 Reviews & Articles | 42,706 News Posts
TRENDING NOW: NVIDIA preparing GeForce GTX 980 Ti with 6GB VRAM, faster than Titan X

Microsoft's Xbox revenue drops year-over-year

Microsoft's Xbox platform took a hit over the last year, hopefully next-gen consoles will spark this

| Business, Financial & Legal News | Posted: Jan 25, 2013 7:36 am

It looks as though Microsoft's Xbox platform isn't doing so well, with revenue dropping 29% year-over-year when comparing 2011 to 2012. Microsoft reported their results for the second quarter of their 2013 fiscal year, which runs from July 1, 2012 through to June 30, 2013.




Microsoft may have been making a point of their record-breaking $21.46 billion in revenue, which was a 2.7% increase over 2011, but the Entertainment and Devices Division - which includes Xbox, Windows Phone and Skype - dropped by 11%, from $4.24 billion to $3.78 billion.


From October to December of last year, Microsoft shipped 5.9 million Xbox 360 consoles, a sharp 28% drop from the 8.2 million in the same quarter of 2011. Microsoft also pumped $98 million into research and development costs for the three-month period, which hopefully is for the next-gen console.


Related Tags

Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

Do you get our news RSS feed? Get It!

Got an opinion on this news? Post a comment below!

Latest News Posts

View More News Posts

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases
Or Scroll Up Or Down