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  Xbox 360 Losses Don’t Worry Execs
Time: 08:53 EST/13:53 GMT | News Source: IGN | Posted By: Brian Kvalheim

If you’ve ever wondered why only three major companies remain in the video game console business, it’s simple mathematics. You’ve got to spend money – a lot of it – to make money. Despite losses in its game division of $1.26 billion for the fiscal year 2006, which ended June 30, Microsoft remains committed to the Xbox 360. Microsoft COO Kevin Turner has been quoted as saying the company continues to “believe” in the gaming system. “This is a company that is committed to sticking to things that we believe in. Certainly, this is a space we believe in.”
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