Microsoft: 1.2 million Xbox One sales in FYQ3, $5.6 billion profit

April 24th, 2014, 23:47 Posted By: wraggster

Microsoft has reported profits of around $5.66 billion for the third quarter of its fiscal year 2014, ended March 31.
Revenues in the quarter were roughly $20.40 billion, during which the firm sold 2 million Xbox consoles total, with Xbox One accounting for 1.2 million.
The Devices and Consumer Hardware division, which umbrellas Xbox, clocked revenues of $1.97 billion in the quarter, and $8.19 billion in the nine months ended March 31, up from $1.4 billion and $5.29 billion respectively the prior year.
"This quarter's results demonstrate the strength of our business, as well as the opportunities we see in a mobile-first, cloud-first world," said Microsoft CEO Satya Nadella in a prepared statement.
"We are making good progress in our consumer services like Bing and Office 365 Home, and our commercial customers continue to embrace our cloud solutions. Both position us well for long-term growth. We are focused on executing rapidly and delivering bold, innovative products that people love to use."
Microsoft last week announced that Xbox One shipments have exceeded 5 million units since it launched in November, but held off releasing actual sales figures. This number is some 2 million short of the 7 million PlayStation 4 units Sony says it has sold through to consumers since its relative November release.
Microsoft said that 311,000 Xbox One units were sold in the US in the month of March, putting its latest system 60 percent ahead of Xbox 360 at the same point in their respective life cycles, despite remaining second to PS4 in the US hardware sales charts for three consecutive months.

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