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Microsoft Posts Record Profit, But Entertainment In the Red

Fluffeh (1273756) writes | more than 2 years ago

Businesses 0

Fluffeh writes "Microsoft has published its numbers for the third quarter of its 2012 financial year and the company reports record revenue for the period with double digit operating income growth. Revenue for the quarter was $17.41 billion, up 6 percent year over year. The Entertainment and Devices Division was the only loser: revenue is down 16 percent year on year, at $1.62 billion. The group has gone from a $0.21 billion operating profit in third quarter 2011 to a $0.23 billion loss this quarter. Xbox 360 sales have declined sharply, down 48 percent year on year, though it retains its top spot in the US market, with a 42 percent share, and market-leading sales for the last 15 months. The company neglected to offer any Windows Phone sales figures. The Numbers for the second quarter are also available."
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