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Microsoft May Double Its Investment in Xbox

Time: 09:50 EST/14:50 GMT | News Source: Reuters | Posted By: Robert Stein

Software giant Microsoft Corp. MSFT.O said on Wednesday it would pour more resources into its efforts to carve out a position in the $10 billion video game market rather than cutting its losses and exiting from the venture. Microsoft's Chief Financial Officer John Connors, when asked if the world's number one software maker had an "exit strategy" for the year-old Xbox video game machine, said in a Web cast: "The fallback position is probably to double down and make it successful."

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