Xbox 360 revenue drops by $400m

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October 19th, 2012, 23:11 Posted By: wraggster

Operating income falls 94%; Microsoft cites lower console and game sales for decreased revenue

Xbox 360 platform revenues have decreased by $418 million in the three months ending September 30th compared to last year.
In its latest quarterly report, Microsoft also showed that operating income for its Entertainment and Devices Division - which includes Xbox 360, Skype and Windows Phone - had fallen by 94 per cent, down to $19 million from $340m.

Revenues for the division meanwhile stood at $1.9 billion, down just $15 million from last year.
The console giant shipped 1.7 million Xbox 360 consoles during the first quarter of the 2013 fiscal year, compared to 2.3 million last year.
Microsoft blamed the decrease in revenue on the lower volume of consoles sold as well as lower videogame revenue, although it noted this was partly offset by higher Xbox Live revenue.

http://www.develop-online.net/news/4...-drops-by-400m

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