MS reports Q1 earnings, shrugs off 360 doubters
Microsoft released its first fiscal quarter earnings report earlier this week, beating Wall Street estimates to the tune of $10.81 billion in revenue. That's an 11% increase over the same period last year. The Entertainment & Device division, which includes our favorite next-gen console, reported year-to-year growth of 70%, with 6 million next-gen consoles sold worldwide so far. In other positive news, the company boasts of record cumulative attach rates for software and peripherals, with Xbox Live surpassing 4 million members. Shrugging off skepticism from egghead analysts, MS Chief Financial Officer Chris Liddell said the software giant remains confident it will meet its target of 10 million Xbox 360s shipped by the end of 2006.
Since this is a fanboy site, we won't quibble with the difference between "shipped" and actually sitting in somebody's living room. Of course, if you're eager to help MS reach the 10 million milestone, you can always buy Xbox 360s for your extended family this Christmas, plus an extra one for the place in Tahoe.
