NEWS - Tuesday, July 16, 2002


Work starts on new Xbox

Microsoft has confirmed it is working on future generations of its Xbox console. The computer software giant admitted new versions of its games console were in development, following reports it was planning to release a combined digital video recorder and games unit next year. Technology magazine Red Herring, which reported the move on Tuesday, also said that the Xbox had made huge losses. It quoted a source as saying that Microsoft had estimated it would lose $750m (£490m) on the Xbox game console in the year to June 2002 - and a further $1.1bn (£720m) in to June 2003. Xbox creator Seamus Blackley resigned in April Microsoft has refused to comment on the financial forecasts. But the company said in a statement: "Microsoft is committed to Xbox for the long term. "We’ve made a substantial investment from a hardware standpoint and that investment is one that we remain committed to. "We’re continuing to see great demand for Xbox worldwide. We’re on target to meet our fiscal year forecast of 3.5-4 million units. Losses "We are very pleased with our progress. Microsoft is in this business to win and we plan to do that." The Red Herring article quoted author Dean Takahashi, who has recently written the book Opening The Xbox. He compared the reported losses with the estimate given to Microsoft chairman Bill Gates in 1999 that the Xbox project could lose $900m (£590m) over eight years. The magazine said that Microsoft was losing some $150 (£98) on each Xbox sold. Red Herring also said that Microsoft engineers had been at work for about nine months on a project combining the company’s UltimateTV recorder with the Xbox. The new machine could be launched next year for a price of around $500 (£325), said the magazine. Microsoft is competing with Sony and Nintendo for a share in the global game market, which is expected to be worth $30bn (£20bn) in hardware and software sales this year. All three companies make losses on their hardware products, but make up those losses with sales of the more profitable software.
Source: http://www.xboxaddict.com/

Comments

Site Statistics

Registered Members: 44,479
Forum Posts: 725,734
Xbox One Titles: 1,133
Xbox 360 Titles: 1,085
Xbox 360 Kinect Titles: 95
Xbox 360 Arcade Titles: 585
Original Xbox Titles: 987
Staff Reviews: 1,664
Member Reviews: 10,339
News Articles: 14,221
Screenshots: 30,900
Xbox 360 Achievements: 45,112
Xbox 360 Faceplates: 2,016
Cheat Codes: 1,706

Latest News








See News Archives

Community Forum Activity

Xbox Playdates Canada - February Playdates Schedule
Post by Kiesey
3 Replies, 303 Views

Xbox Prototype Communicator
Post by oryanphine
1 Replies, 414 Views

Xbox One S Dragon Ball Fighterz
Post by oryanphine
0 Replies, 400 Views

Xbox One S Theme Hockey
Post by oryanphine
0 Replies, 262 Views

New Fable is coming!
Post by Shadow20002
2 Replies, 511 Views

RPG Recommendation?
Post by DJ tx
8 Replies, 614 Views

Xbox Playdates Canada - January 2018 Schedule
Post by Kiesey
5 Replies, 701 Views

Xbox 360 Summer Intern Celebration 2011
Post by oryanphine
1 Replies, 723 Views

Xbox One X LA noire
Post by oryanphine
1 Replies, 1327 Views

Xbox One Assassins Creed Origins
Post by oryanphine
2 Replies, 1103 Views

Xbox One S Porsche 919 Hybrid Edition
Post by oryanphine
4 Replies, 1446 Views

OG Xbox on Xbox One now live!
Post by Kamshaft
5 Replies, 1618 Views

Xbox One S Renault F1
Post by oryanphine
2 Replies, 1132 Views

Xbox One S Wolfenstein 2 The New Colossus
Post by oryanphine
1 Replies, 1061 Views

Xbox One S Prey
Post by oryanphine
0 Replies, 789 Views

© 2000-2018 XboxAddict.com - All rights reserved. All trademarks are properties of their respective owners.
Xbox is a registered trademark of Microsoft. XboxAddict.com is not affiliated with Microsoft.

Made in Canada
Site Design by Cameron Graphics