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Microsoft Loses $177m on Xbox in Three Months

Posted by CmdrTaco on Fri Nov 15, 2002 11:29 AM
from the its-not-like-they-can't-afford-it dept.
Albanach writes "The BBC News are reporting in this story that Microsoft's Home Entertainment Division has filed a submission to the Securities and Exchange Commission reporting a loss of $177 million for the three months to 30 September 2002. The loss comes on revenues of $505m for the division that manufactures the Xbox games console. Microsoft are said to be prepared to spend $2 billion funding Xbox live over the next five years, suggesting it will be some time before the home entertainment division break into the black."
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