Friday, July 23, 2010

Microsoft financials stutter, but look in good shape

Microsoft’s entertainment business has reported an operating loss increase of 22 per cent year-over-year to $US172 million for the quarter.

The Entertainment and Devices Division (EDD), which includes Xbox, PC and Zune. The yearly results were better – for the past 12-month period, EDD has enjoyed a 529 per cent net income increase to $US679 million.

The vendor had a reasonably steady year in regards to hardware units shipped – 10.3 Xboxes compared to 11.2 million a year before.

Much of the losses for the quarter can be attributed to the discontinuation of the Kin phone, and with Microsoft to roll out its new Windows 7 phone and the Kinect Xbox peripheral, there is plenty of opportunities for Microsoft to turn things around in the coming year.

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