After two years in the red, Microsoft’s Xbox department has finally turned a profit. This is exciting both as a Xbox owner and a Microsoft shareholder. Maybe this will push my stock, which was once at $80 and now is at $26, to $30.
Strong hardware sales, coupled with the phenomenally successful Halo 2, means that Microsoft made $84 million on total sales of $1.41 billion. This is compared to a loss made this time last year of $397 million on $1.27 billionn [sic].
My friend Robbie thinks that Xbox doesn’t make any money whatsoever. He is a complete newbie, obviously, and has no sense of the business cycle and how it operates.
P.S – Robbie couldn’t help noticing the blondie t-shirts, any idea where he could get one?