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  Xbox and Halo 2 boost Microsoft's bottom line
Time: 09:12 EST/14:12 GMT | News Source: Gamespot | Posted By: Chris Hedlund

During Q2 earnings call, execs raise expectations; new numbers point to 21 million consoles sold and 1.6 million Xbox Live subscribers by June 2005.

Typically, Microsoft officials only give passing reference to the Xbox and the company's overall gaming agenda during earnings reports. However, during an earnings call reporting quarterly revenues from October to December 2004, executives nearly dwelled on how the console is filling company coffers. "Performance for the Home and Entertainment [division] during the quarter was very strong, as total revenue was a record $1.4 billion, driven primarily by better-than-expected sales of Xbox games," corporate vice president Scott Di Valerio said, addressing revenues for the company's second fiscal quarter, which ended on December 31, 2004.

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