XBox 360 surge 68 percent in sales
The XBox is doing extremely well with 68% increase in sales this quarter.
After having the next-gen console race to itself for a year, the Xbox 360 has been in a three-way battle since the PlayStation 3 and Nintendo Wii launched in November 2006. After being roundly outsold by the Wii for most of last year–save for September, when Halo 3 debuted–the console found its sales bested by the PlayStation 3 in January and February. In March, the 360 triumphed over Sony’s console by a mere 5,000 units.
However, despite the competition, the Xbox 360 is helping Microsoft turn a profit the size of many country’s entire economies. According to an earnings report filed today, the software giant’s Entertainment and Devices Division–which includes income from the Xbox 360, Games for Windows, and Zune multimedia handheld–saw its quarterly revenue surge 68 percent.
For the three months ended March 31, the division saw $1.57 billion in revenue, up from $936 million the prior year. However, operating income for the period was just $89 million–an improvement over the $324 million loss the company took the year before, as outcry over widespread 360 hardware failures was reaching a fever pitch.
So what if PS3’s online gaming is “free”, you pay for what you get :P Xbox rules.
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