Microsoft has just announced its third-quarter fiscal results for the period ended March 31, 2013, and it was an encouraging period for the Entertainment and Devices Division which houses the Xbox business. Total revenues climbed 56 percent year-over-year to $2.53 billion, while the division enjoyed an operating income of $342 million compared to a net loss last year during the same period of $228 million.
The full Skewedcast crew back for this episode and Gareth, Justin, Michael, and JoeyZ at Skewed and Reviewed break down the latest entertainment news qith a focus at 40:00 on the Microsoft Studio Closures and how it impacts the game community and what can be done to help offset this negative trend.
Xbox has repeated the same terrible mistakes for over a decade. The reason is simple: its priorities are back-to-front.
ohhh man, the press really did not like those last closures, their having a field day bashing xbox,
anyway, ive got to nip off to the shops now, i've run out of microwave popcorn.
Apparently the last 10 years wasn't enough to get the gaming press to notice but as soon as they touch Bethesda it is full on nuclear war. A lot of people in the gaming press seem to have this irrational hard on for Fallout and Skyrim despite the fact they are low quality poor buggy games.
I've grown tiresome of the unbalanced fandom in the gaming press for fantasy games and their ability to just forgive crap so long as it's a fantasy game RPG game all quality concerns are not an issue for them,
Clearly this is just a big conspiracy orchestrated by the popcorn industry, Microsoft are just their puppets, every time they open their mouths, I'm forced to stock up on popcorn.
The only point to xbox is and always has been to take market share and money from PlayStation and Nintendo, but mostly PlayStation. It's been the goal since sweaty Steve Balmer said it himself.
Yup. To put Sony out of business because they thought they were a threat to their Windows business.
Genuinely curious: how is Sony (hardware company) threat to Windows (operating system/software company) business?
I mean the motto "xbox, the most optional console ever made" was peaked years ago, people are just now taking a step back from deepthroating Phil to see what we've all been seeing for a long time now.
I’ve still got friends that main on XB. For their sake, I hope it sticks around. They’ve put everything into that ecosystem. It’s all or nothing.
I wonder if we’ll ever get back the level of competition seen during the 360/PS3 era?
Seems like Daddy Microsoft is trying to shut it down. Or at least bring costs under control. On the bright side, it seems likely that acquisitions are going to stop.
TSA asks what is the future for Xbox.
They clearly never did, hence why they spent so many BILLIONS on other publishers as a last resort.
They have a plan. It's to move everything toward streaming and mobile. This is just the next step.
With half of the money they spent, they could have been on the very top and the gaming industry would be way bigger than it is.. encourage developers, indies, make them grow trust them and they will deliver.
What are you talking about Cacabunga? The Xbox faithful insisted that Microsoft has infinite money, and after Activision they should buy Square Enix and Capcom before Sony does. There was no chance ever that Microsoft would do this. They would use their infinite millions and Bitcoins to invest in 50 new IP and beat everyone.
Sure, a plan to be a more hated game company than EA. Ubisoft were recently giving them a run for their money but I think Xbox have really knocked it out the park with their latest stunt.
Absolutely not, their whole plan is at odd with what MS wants
Phil wants GP to become big
MS wants to sell games and make billions
GP can’t be sustained with AAA games which take 3-5 years and 7 figure budgets. Only go put those games on GP day one. Why do you think games are coming out on other platforms?
People want a change and want Phil gone without realizing if someone new comes along they may want to change everything again so we just keep going in circles. Phil has to realize that and give clear message on the direction of Xbox
It's great to see % increases in pretty much all of the divisions ms is invested in and I can definitely see why ms isn't in much of a rush for next-gen looking at their e&d division numbers.
curious to know what PSN PLUS percent is
Does anyone know any numbers pertaining to their Surface RT and Surface Pro products? Kind of interested in seeing how many or how much Microsoft have sold of them as it directly relates to their Entertainment and Devices Division.
OT: Good goin' Microsoft, keep up the good work (And announce the Xbox 720 already!)
Edit: @Dlacy13g, yeah I kind of figured, and those losses from last year were probably due to R&D costs for both the next Xbox and the Surface line. Plus last year, they launched Windows RT, Windows Phone 8, Windows 8, Surface RT and so far this year Office 2013 and Surface Pro, so there might have been quite a few bucks lost in marketing/releasing those as well.
And yet they still charge for basic P2P matchmaking so greedy so sad, sure it only cost like 52p a week but it's the principle of it that makes me no longer want to support MS next gen.
One has to wonder if last years Net loss was in large part due to R&D for the next Xbox. I am purely speculating but that is a pretty huge turn around for a division. I mean really you are talking about growth of $570 million to get them out of the $228 million hole and into the positive of $342 million.