Microsoft reports $400 million loss on the Xbox One

Microsoft logoMicrosoft has reported that its next-gen console, the Xbox One, has lost the company over $400 / €298 million, since it was released in November last year.

The information comes from the corporation’s annual earnings report for 2014, with Microsoft’s figures showing that the increase in production costs and advertising tied to the launch of the Xbox One led to the company’s losses.

The report reveals that the company sold a total of 11.7 million consoles (both Xbox One and Xbox 360) during the fiscal year of 2014, an year-over-year increase of 1.9 million units, leading to a massive increase in revenue.

Microsoft Xbox One

However, the reported revenue of $1.7 / €1.27 billion was offset by the $2.1 / €1.57 billion that the company had to spend in order to produce, launch and market its latest computer entertainment system, the Xbox One.

The latest report from Microsoft’s main competitor on the console front, Sony, reveals that it managed to sell around 9 million units of the PlayStation 4 system, well ahead of Redmond’s sales of the Xbox One.

The last official data regarding the Xbox One was released back in April, when Microsoft revealed that they had shipped 5 million units to retailers all around the world.

The rough patch that Microsoft’s console hit started well before the console’s launch, with its disastrous announcement, when all the gaming community was appalled at seeing more DRM and more restrictions applied to the console.

The company has been struggling to gain a footing ever since, but the new generation of consoles is still early in its life cycle, so there is still hope for the Xbox One.

Source: Softpedia

Tags: game consoles, Microsoft, Xbox One

Comments
Add comment

Your name:
Sign in with:
or
Your comment:


Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party


Last news

 
You can use a security key instead of having a code sent to your phone
 
Adobe says that the AI can now achieve the intended result in seconds
 
A new security protocol replacing the aging WPA2
 
Download and install at your own risk, of course
 
More iPhone parts likely to be produced by Samsung
 
Starting on Friday, video views on YouTube will start to be counted by the Official Charts Company
 
LG has already announced two new V-series members in 2018
 
The method is blocked and the hack doesn’t work, it adds
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 /
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /
 
 

News Archive

 
 
SuMoTuWeThFrSa
 123456
78910111213
14151617181920
21222324252627
28293031   




Poll

Do you use microSD card with your phone?
or leave your own version in comments (11)