Microsoft's entertainment division still has a net profit despite the $130 million loss. I don't understand why all the doom and gloom.
I'm not a fanboy, I just try to tip the balance in favor of logic and common sense.
If it's a loss, it's not a profit. Is it even a real spin attempt ?
| johnsobas said: $130 million is not huge by any means. People were trying to downplay Sony's gaming division losing $350 million last quarter and now $130 million is huge? Not that it's a good thing but it's really a drop in the bucket to Microsoft, we'll probably see a bigger loss from Sony. |
My thoughts exactly.
Everyone needs to play Lost Odyssey! Any opposition to this and I will have to just say, "If it's a fight you want, you got it!"
| Noobie said: $4 Billion is lot of profit, which Sony can only dream of right now.. Sony wont be making $4Billion profit anytime soon.. so i dont think MS will be much worried... making $4billion in terrrible economic times is not bad at all, rather its very good. |
Sony's gaming losses will be buried in a much bigger division now. Good luck deciphering them.
Currently playing on PS3: God of War III
Currently playing on Xbox360: Final Fantasy XIII
Currently playing on NDS: Chrono Trigger
| mario64 said: If it's a loss, it's not a profit. Is it even a real spin attempt ? |
Microsoft posted a loss for the quarter. The net for the year is a profit.
If your reponse is to my original post, you should take a business class. Profits and losses are reported quarterly and yearly. A quarterly loss does not mean a yearly loss. Microsoft actually posted a profit for the year despite the quarterly loss.
I'm not a fanboy, I just try to tip the balance in favor of logic and common sense.
Read the detailed report about the EDD division. It is clear the 360 is profitable.
Some numbers from it.
Loss was $130M
100K less 360 consoles shipped compared to last year in same qtr.
non-gaming revenue decreased by $291M compared to a year ago. Again that is non-gaming.
360 platform and PC game software revenue decreased by $110M. 100K consoles would be around $20M of that revenue.
Cost of sales (product production costs) declined $266M compared to a year ago. Primarily due to declines in 360 production costs (part of that would be the 100K fewer consoles sold).
This is the first time I have noticed them call out non-gaming revenue. I believe this is because they want analyst to understand the 360 is the profit making part of that division. Zune is losing money but investing heavily with ZuneHD. Mobile platform is being hammered by the iPhone and is investing heavily so as not to disapear from the market.
Its libraries that sell systems not a single game.
dolemit3 said:
4 billion for the entire year. |
No... That's for the last quarter.
$20 billion for the whole year ($14 billion in net income).
http://www.microsoft.com/msft/earnings/FY09/earn_rel_q4_09.mspx
My Mario Kart Wii friend code: 2707-1866-0957
NJ5 said:
No... That's for the last quarter. $20 billion for the whole year ($14 billion in net income). http://www.microsoft.com/msft/earnings/FY09/earn_rel_q4_09.mspx
|
It's nice to see other educated posters on the site.
I'm not a fanboy, I just try to tip the balance in favor of logic and common sense.
NJ5 said:
No... That's for the last quarter. $20 billion for the whole year ($14 billion in net income). http://www.microsoft.com/msft/earnings/FY09/earn_rel_q4_09.mspx
|
I was off by 10 billion or so, no big deal.
Currently playing on PS3: God of War III
Currently playing on Xbox360: Final Fantasy XIII
Currently playing on NDS: Chrono Trigger
Microsoft made a profit still. They are still swimming in money. That's my defense :P
It's just that simple.
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