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 Xbox Division Shines Despite Microsoft's $2.1 Billion Loss

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PostSubject: Xbox Division Shines Despite Microsoft's $2.1 Billion Loss   Wed Jul 22, 2015 7:00 am

Microsoft released its earnings report for the fourth quarter of its fiscal year. The company saw an operating loss of $2.1 billion USD for the period, but its Xbox and Surface divisions saw growth during the quarter.

According to Microsoft, total Xbox revenue grew by 27%. It credited this growth to "strong console sales," as well as Xbox Live transactions and sales of first-party games.

Another bright spot for the company was its Surface line, which saw 117% growth over the same period the year prior. Total revenue for Surface was driven by the the Surface Pro 3 and the launch of the Surface 3 and came in at $888 million.

Amy Hood, executive vice president and chief financial officer for Microsoft, said the company finished its fiscal year "with solid progress against our strategic priorities, through strong execution and financial discipline."

"Our approach to investing in areas where we have differentiation and opportunity is paying off," said Microsoft CEO Satya Nadella, referring to not only Xbox and Surface, but other Microsoft products like Bing and Office 365.

Nadella believes the release of Windows 10 on July 29 will create "new opportunities for Microsoft and our ecosystem."

The NPD Group released its sales findings for June last Thursday and once again the best selling console was Sony's PlayStation 4.
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