Xbox Finally Pulls Its Weight

According to the Washington Post (Jan 27, 2005 online article) the Xbox pulled in a profitable quarter, which is big news for Microsoft.

“Microsoft also reported its first profitable quarter in its home and entertainment division, fueled by strong sales for its Xbox Live online gaming service and the popular Halo 2 video game. The unit reported operating income of $84 million for the three-month period, compared with a loss of $397 million in the same period a year earlier.

But Chief Financial Officer John Connors warned that the home and entertainment division would lose money again in the first six months of 2005, and likely won’t achieve consistent profitability until late 2006 or early 2007.”

For any doubters (and I admit that I was one) it looks like Microsoft is here to stay in the console business. Bravo to the US for once again having a profitable (be it only for a quarter) console manufacturer.

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