Top
70°

Microsoft's $50M Actually More of an 'Advance'

The confusion comes from the term "deferred revenue," initially mentioned in the Take-Two conference call during a Q&A session by Evan Wilson of Pacific Crest Securities, in regards to Microsoft's advance. Time for a little Econ 101.

"deferred revenue: Revenue that is considered a liability until it becomes relevant to the business at hand, such as a payment received for work that has not yet been performed" -- investorwords.com

The story is too old to be commented.
Odion3806d ago

I also heard that this 50 million is MS's way of saying if your selling we're buying which could lead to some major gains, all future GTA games for the 360 only god dam