NEWS - Thursday, December 5, 2002


Microsoft stands behind the power of the X

SCOTTSDALE, Ariz., Dec 4 (Reuters) - Software giant Microsoft Corp. (nasdaq: MSFT - news - people) said on Wednesday it would pour more resources into its efforts to carve out a position in the $10 billion video game market rather than cutting its losses and exiting from the venture. Microsoft’s Chief Financial Officer John Connors, when asked if the world’s number one software maker had an "exit strategy" for the year-old Xbox video game machine, said in a Web cast: "The fallback position is probably to double down and make it successful." Although Microsoft hasn’t disclosed how much it has spent on the Xbox so far, figures released last month showed that the home entertainment division, which includes the Xbox, lost $177 million in the last quarter. Microsoft is expected by analysts to spend more than $2 billion over five years on the Xbox machine, which launched a year ago as part of Microsoft’s push to get its technology and software off the the desktop and into living rooms worldwide. Connors was speaking at the Credit Suisse First Boston annual technology conference in Scottsdale, which was closed to media. Japan’s Sony Corp. <6758.T>, whose PlayStation consoles have been the best-selling video game machines in history, is competing aggressively with Microsoft to hold on to its leading market position. Both the Xbox and the PlayStation 2 are now linked to the Internet, which is expected to fuel further growth in game titles as players play video games and compete against each other in virtual worlds from their living rooms. Shares in Redmond, Washington-based Microsoft were down 17 cents at $56.54 in late afternoon Nasdaq trade after trading higher for most of the day.
Source: http://www.reuters.com/

Comments

Site Statistics

Registered Members: 44,776
Forum Posts: 725,821
Xbox One Titles: 1,415
Xbox 360 Titles: 1,086
Xbox 360 Kinect Titles: 95
Xbox 360 Arcade Titles: 585
Original Xbox Titles: 987
Staff Reviews: 1,747
Member Reviews: 10,339
News Articles: 14,671
Screenshots: 31,719
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 August, 2018 Playdate info thread.
Post by Kiesey
2 Replies, 141 Views

Xbox Game Pass
Post by oryanphine
2 Replies, 319 Views

Xbox Playdates Canada July, 2018 playdate info.
Post by Kiesey
3 Replies, 425 Views

Manette Xbox One Xfest18
Post by oryanphine
2 Replies, 672 Views

Xbox One X Mountain Dew
Post by oryanphine
0 Replies, 529 Views

Xbox Playdates Canada June 2018 schedule
Post by Kiesey
1 Replies, 678 Views

Xbox One X Black Panther
Post by oryanphine
3 Replies, 1020 Views

Xbox Playdates Canada May 2018 schedule
Post by Kiesey
4 Replies, 974 Views

Is anything happening in XBox One land?
Post by DJ tx
7 Replies, 1320 Views

Xbox One S Jojeux Anniversaire
Post by oryanphine
1 Replies, 869 Views

Xbox One X Steelbook
Post by oryanphine
1 Replies, 961 Views

Xbox Playdates Canada April 2018 Schedule
Post by Kiesey
4 Replies, 1231 Views

Xbox One X World of tanks
Post by oryanphine
2 Replies, 1320 Views

Xbox Playdates Canada - March 2018 Schedule
Post by Kiesey
7 Replies, 1608 Views

Any info on Biomutant release?
Post by DJ tx
4 Replies, 1364 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