Michael Bluth
10-25-2003, 02:34 PM
Microsoft reports its game-console revenues are up by $53 million. PC game earnings also increase.
As part of its third-quarter 2003 earnings report, Microsoft announced today that earnings at its Home and Entertainment arm increased 20 percent to $581 million, compared to a $485 million year ago.
The reason? Games, pure and simple. Xbox revenue was up by $53 million--20 percent--from Q3 2002, with the sales of consoles, games, and peripherals bringing in $85 million total. The software behemoth credited its Xbox holiday offering--$179 for the console, an S-controller, two games (Star Wars: Clone Wars and Tetris: Worlds), and a month of free Xbox live--for helping move Xboxes. However, the deal did cut into its bottom line, offsetting total Xbox income by $32 million. No hard numbers of actual console sales were made available.
Microsoft's PC games also sold well, although the company lumped in its earnings with revenue from consumer hardware and software. The three division's combined income increased $43 million, or 19 percent, compared to a year ago.
The game earnings are dwarfed, however, by Microsoft's total sales, which rose 6 percent to $8.22 billion, versus the $7.75 billion it earned during Q3 2002. The company's full earnings report can be viewed here.
Viewed simply by percentage increase, the Microsoft numbers stand in stark contrast to Sony Corp.'s revelation yesterday that its computer entertainment division's earnings shrank 35.6 percent in Q2 2003. However, with an estimated eight to nine million units being sold in all of 2003, the PlayStation 2 still outsells the Xbox several times over.
http://www.gamespot.com/all/news/news_6077286.html
Oh yeah, they don't lose anything - instead, they MAKE money. :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh
As part of its third-quarter 2003 earnings report, Microsoft announced today that earnings at its Home and Entertainment arm increased 20 percent to $581 million, compared to a $485 million year ago.
The reason? Games, pure and simple. Xbox revenue was up by $53 million--20 percent--from Q3 2002, with the sales of consoles, games, and peripherals bringing in $85 million total. The software behemoth credited its Xbox holiday offering--$179 for the console, an S-controller, two games (Star Wars: Clone Wars and Tetris: Worlds), and a month of free Xbox live--for helping move Xboxes. However, the deal did cut into its bottom line, offsetting total Xbox income by $32 million. No hard numbers of actual console sales were made available.
Microsoft's PC games also sold well, although the company lumped in its earnings with revenue from consumer hardware and software. The three division's combined income increased $43 million, or 19 percent, compared to a year ago.
The game earnings are dwarfed, however, by Microsoft's total sales, which rose 6 percent to $8.22 billion, versus the $7.75 billion it earned during Q3 2002. The company's full earnings report can be viewed here.
Viewed simply by percentage increase, the Microsoft numbers stand in stark contrast to Sony Corp.'s revelation yesterday that its computer entertainment division's earnings shrank 35.6 percent in Q2 2003. However, with an estimated eight to nine million units being sold in all of 2003, the PlayStation 2 still outsells the Xbox several times over.
http://www.gamespot.com/all/news/news_6077286.html
Oh yeah, they don't lose anything - instead, they MAKE money. :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh