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  Microsoft reports Q3 losses on Xbox 360 division
Time: 08:34 EST/13:34 GMT | News Source: Games Industry | Posted By: Brian Kvalheim

Overall profit up 17 per cent

Microsoft revealed a Q3 loss of USD 388 million in its Home and Entertainment division, which houses the Xbox 360 console, despite a gain in revenue and an overall profit for the company. Revenue for the division, which also incorporates PC games, the Home Products Division, and TV platform products for the interactive television industry, was posted at USD 1.06 billion, but the loss was a significant increase on the USD 175 million lost in the same quarter a year prior.
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