NEWS - Friday, November 15, 2002


$177m Loss On Xbox Venture

On the day of the one year anniversary of the Xbox launch, documents filed with the US financial watchdog show that Microsoft's Home and Entertainment division, which includes the Xbox, lost $177m (£112m) in the three months leading up to September 30th according to this report on BBC. The loss in the home entertainment division has been put down to the high cost of marketing the game console and absorbing the cost of the price cuts Microsoft has been forced to get people buying it. The losses of the division look set to accelerate as Microsoft launches the Xbox Live service which lets people play each other via the internet. It said it would spend $2 billion over five years to fund this online venture. Despite the losses Microsoft will not have to rein in its marketing and promotional efforts any time soon. The company has a cash pile of more than $30 billion to fund expansion.
Source: http://www.slashdot.org/

Site Statistics

Registered Members: 80,916
Forum Posts: 725,969
Xbox One Titles: 6,508
Xbox 360 Titles: 1,086
Xbox 360 Kinect Titles: 95
Xbox 360 Arcade Titles: 586
Original Xbox Titles: 987
Staff Reviews: 2,601
Member Reviews: 10,339
News Articles: 16,557
Screenshots: 39,487
Xbox 360 Achievements: 45,112
Xbox 360 Faceplates: 2,016
Cheat Codes: 1,706

Latest News

Bulwark: Evolution Out Now on Consoles

Bulwark: Evolution Out Now on ConsolesThis major free update, which has already been successfully launched on Steam, brings a new layer of depth, strategy, and innovative gameplay mechanics to the immersive world of Bulwark: Falconeer Chronicles.


Thrustmaster Unveils T.Flight Hotas One

Thrustmaster Unveils T.Flight Hotas OneThrustmaster’s best-seller is back with a new look featuring the official license of Microsoft Flight Simulator. This complete, precise and easy-to-use hands- on throttle and stick (HOTAS) is the ideal companion for Microsoft Flight Sim 2024







See News Archives

Community Forum Activity

KeyWe Giveaway!
Post by Variation-XBA
0 Replies, 25738 Views

2021: XBA is still here
Post by shrew king
40 Replies, 230402 Views

Watch Dogs: Legion
Post by Nato King
0 Replies, 124423 Views

Xbox Series X or S
Post by Nato King
5 Replies, 142071 Views

Spellbreak Grand Magus Pack (3) and Starter Pack (7) Giveaway!
Post by Variation-XBA
0 Replies, 131079 Views

I pay $ 1000! I search the Element 54 Canadian launch Team signaturen Faceplate
Post by Smill
0 Replies, 153450 Views

Xbox one no signal
Post by debrartin
0 Replies, 143000 Views

do you remember?
Post by SnoochyBoochy
3 Replies, 212511 Views

i haz xbox
Post by SnoochyBoochy
0 Replies, 166550 Views

Claiming the first thread of 2020
Post by Kraft
7 Replies, 262831 Views

Important! I pay $ 1000! I search the Sweden launch and the Element 54 Faceplate
Post by Smill
3 Replies, 148914 Views

Squad Up
Post by samslophead
0 Replies, 253003 Views

TERA Skinned Xbox One X Giveaway!
Post by Variation-XBA
0 Replies, 178683 Views

Starfield Release expectations?
Post by DJ tx
4 Replies, 308799 Views

Issue with Xbox live on Xbox home
Post by rcmpayne
0 Replies, 166955 Views

© 2000-2024 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