[Am-info] BBC: Microsoft reveals losses caused by its console
Roy Bixler
rcb@bix.org
Fri, 15 Nov 2002 09:04:42 -0600
Documents filed with the US financial watchdog show that
Microsoft's Home and Entertainment division, which includes the
Xbox, lost $177m (112m) in the three months to 30 September.
Since the Xbox was launched Microsoft has been forced to cut its
price twice to boost sales.
The documents also reveal that five of the seven divisions of the
company are operating at a loss.
Complete story at:
http://news.bbc.co.uk/2/hi/technology/2480001.stm