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PlayStation adds insult to injury in battle with Xbox

Time: 00:00 EST/05:00 GMT | News Source: E-Mail | Posted By: Todd Richardson

The cut-throat battle between Microsoft's Xbox games machine and Sony's PlayStation 2 has put Microsoft's Home and Entertainment division $US348 million ($600 million) in the red. The loss for the last three months of 2002 was double that of a year earlier, when the Xbox games console was still new. The machine was launched in Australia in March last year. Microsoft has reported strong Xbox sales - but is estimated to lose $US100 on every box. So as sales climbed, so did the loss.

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