Xbox 360 (Xbox 360)Xbox division posts $1.9b lossGamesIndustry - July 20, 2007
Submitted by Smuggley (228)
at 2:25AM PST on July 20, 2007
Following the decision to set aside USD 1 billion for Xbox 360 repairs, the year-end loss for Microsoft's entertainment and devices division has reached 1.89 billion - up 47 per cent from last year.
During the last quarter of the year Microsoft shipped 700,000 Xbox 360 units - down from 1.8 million during the same period last year.
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That is the amount they projected to lose, and they set aside money to cover it, so those losses will be taken out of the 1 billion dollars set aside for that purpose instead of impacting their earnings for this year.