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Microsoft still losing money on Xbox

Time: 10:55 EST/15:55 GMT | News Source: the inquirer | Posted By: Brian Kvalheim

DESPITE posting a 22% increase in revenue for its Home & Entertainment division Microsoft continues to make an operating loss on the arm amounting to $179 million, bringing the yearly loss to $391 million. This is down from a loss of $1.2 billion last year, so not too bad, but the Xbox remains a big money loser for Microsoft.

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