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Seece said:

There are a lot of variables

like how much they make/lose on Zune and the other services in that division, the natal R&D, although I can't imagine that's costing much atm, doesn't that kick in when they start producing the units ...

R+D Is actually quite a significant expense. Remember its development for unnamed projects which may never see the light of day, Natal, Windows mobile 7, Xbox 360 development for the back end software, Xbox Next development, Xbox 360 games etc. I forgot how much it was that I estimated it at but it was over $1B per year.



Tease.