Xbox One boosts Microsoft's holiday revenue

Microsoft's holiday revenue boosted by sale of 7.4 million Xbox consoles.
Posted By DANIELLE HAYNES, UPI.com   |   Jan. 25, 2014 at 12:58 PM   |   Comments

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Jan. 25 (UPI) -- Microsoft's Devices and Consumer Hardware division saw a staggering 68.4 percent increase in revenue from one year ago boosted by the Xbox One launch just before the 2013 holiday season, the company said.

The technology giant earned $4.7 billion in revenue on the gaming console, up from $2.8 billion the division earned a year ago, PC World reported.

Microsoft said it sold 7.4 million Xbox consoles to retail, including 3.9 million Xbox One consoles and 3.5 million Xbox 360 consoles.

Microsoft saw a net income of $6.56 billion on a revenue of $24.5 billion for the second fiscal quarter of 2014 for a growth of 2.8 percent one year ago.

“Our Commercial segment continues to outpace the overall market, and our Devices and Consumer segment had a great holiday quarter,” chief executive officer at Microsoft Steve Ballmer said. “The investments we are making in devices and services that deliver high-value experiences to our customers, and the work we are doing with our partners, are driving strong results and positioning us well for long-term growth.”

[PC World]
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