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Xbox Q1 2013 Division Earnings Down 1 Percent From Last Year

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Posted on October 18, 2012 AT 05:20pm

In the console market, video game sales generally tend to slow down at the end of a generation, and even the dominant Xbox 360 is seeing a slight dip in profits. Even a one-percent decline is a lot of money.

Microsoft recently released their Q1 2013 earnings report, which actually shows some impressive sales in a down economy.

Looking at their Entertainment and Devices Division, the group that controls Xbox hardware and Xbox products, they’ve got a lot mixed good news and bad news:

  • Revenue of $1.95 billion (down 1 percent from the prior year period)
  • Xbox 360 now has 49-percent market share
  • Windows Phone 8 launches this fall (2011)
  • Skype registers over 280 million users within its network and corporate groups
As a whole, Microsoft’s numbers are down for the quarter, with $16 billion in revenue compared to $17.3 billion this time last year. It’s fair to say that they’re hedging their bets on Windows 8 and its associated hardware.

Although the Xbox 360 has allegedly been the top-selling console for almost two years, Sony has closed the gap between the two in North America with persistent sales. An infusion will hit Microsoft’s bottom line when the Xbox 720 is announced, but sources say that won’t happen until 2014/2015 at the earliest.

Source: Microsoft

McKinley Noble, Contributing Editor
McKinley Noble has been writing about video games for seven years as a blogger and journalist, with each job adding to his painstakingly alphabetized collection of retro gaming memorabilia. When not cracking jokes about the gaming industry, he's a talking encyclopedia when it comes to mixed martial arts and anything MMA related. Follow him on Twitter: @KenTheGreat1. Meet the rest of the crew.

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