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Xbox 360 to be in profit by 2008

May 8th, 2007 · No Comments

Microsoft says that its operation will be in profit by 2008. Robbie Back, president of Microsoft’s Entertainment and Devices Division says the group will be in the black for the first time, thanks to growing revenue from related Xbox 360 services and peripherals. He says that all the pieces are in place now for the business to begin paying Microsoft back, although making profit on the console itself seems unlikely: “You know what happens in component costs. Pricing on memory goes up and down seemingly like a yo-yo. Right now we’re doing a pretty good job. Our costs are a little higher than we’d like, so we are pushing those down.”

Tags: Corporate · Trade · Video games

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