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thismeintiel on 12 September 2015
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endimion said:
thismeintiel said:
I think we already knew this. Though, the 360 didn't make them billions. It made them lose money the 1st year or two. They may have broke even on the 360 by now, but it definitely didn't net them a profit of billions, overall. And given how the XBO is performing, I doubt they'll ever make a profit on the Xbox venture, as a whole. That's really the reason investors were so vocal about them just dropping it earlier this gen.


XBL alone is a gold mine between sales revenue and advertising revenue... They more than likely covered XBOG 360 and are well set on the one looking at current numbers... XBox no matter how people want to shake it is a financial success so far for MS and will probably only get better and gain ground with time expending on different platform

 

and that investor rumor has to stop... There were one venture capital that is not even a top five shareholder with low influence and low key interest that wanted to split it... It's like taking seriously Kanye wanting to be president or god or whatever the fuck he wants to be these days... Nobody listen to them....

 

I don't see anybody talking about Sony number one shareholder openly and repeatedly wanting to split Sony in multiple division in particular the entertainment division from the hardware division taking him seriously.... And he has like god all mighty powers in comparaison to the less than 1%ter shareholder that remotely voiced maybe twice in the past the wish to split the XB division from MS...

Rumor?  That wasn't a rumor.  That was true.  And it was more than just one person.  It was at least 3, 1 who is in charge of MS's  cofounder's investments and 2 of which represent investment firms, including Goldman Sachs.  I'm guessing those altogether own more than the 6.5% share that Daniel Loeb owned of Sony.  Bill Gates wouldn't have said he would be ok with the CEO dropping the Xbox division just for ONE lone investor.  Nor would they be dropping the Xbox name from several services, in case of a Xbox sell off, for one investor.  Nor would they have dropped the amount of money they are investing into the Xbox division, if only one investor wanted them to.

And no one is talking about Daniel Loeb because he was as clear as day with his intentions.  He just wanted Sony to sell off some of the company so he could make a quick buck.  Sony wouldn't go for it, so Loeb sold his share.  The MS investors want to continue to invest in MS, but have them get rid of the divisions that they see as lost causes, like Xbox and Bing.  Sony has also righted the ship and are now making money, and have already gotten rid of a couple of the divisions that cause losses, so there isn't really any reason to talk about dropping any of their divisions, except maybe mobile.

And no, XBL has not covered the losses of XBOG and 360.  It has probably help them make hundreds of millions in profit over the years, but nowhere near the $7B+ in losses that the Xbox division has racked up since the start.  If it had, no one would be asking for the dropping of Xbox.