Xbox 360 “Operating Income” Down 94% Year On Year

Microsoft has revealed its figures for the first (financial) quarter of 2013, and they don’t make pretty reading for investors. Despite reasonable sales of 1.7 million consoles in the three month period, that’s actually down from 2.3 million in the same period last year.

Likewise, revenue for the Xbox 360 dropped over $400 million (that’s about 24$ down, year on year) and operating income fell to just $19 million, down 94%.

– ARTICLE CONTINUES BELOW –

Microsoft cite a lack of big AAA games in the comparable time period. “Video game revenue decreased primarily due to the release of Gears of War 3 in the first quarter of fiscal year 2012 with no comparable major releases in the first quarter of fiscal year 2013,” said the company.

– PAGE CONTINUES BELOW –

7 Comments

  1. Maybe Halo 4 & Gears will help them for a bit… I’m guessing multi plats games are saving them cause I don’t know how they lasted this long, they busy making the 360 intl a media box

  2. sales seem to be down throughout the industry, i can’t imagine we won’t at least hear about the next gen console by E3 next year, even if we don’t see them in 2013.

    but that seems to be a big drop off for ms though.
    maybe it shows their focus on the non gaming features isn’t really paying off.
    not like when they had a large stable of studios producing quality games.

    or maybe the slowdown is why they’ve started focusing on other areas.

  3. Hardly surprising. I love my 360 but its terrible when it comes to exclusives – not that there is anything wrong with Forza, Gears and Halo; they just need a few more for gamers to get excited about.

  4. The next Xbox announcement incoming !! I’m sure it wont be long now. Lets hope they have more first party titles ready for its release.
    Im afraid Microsofts support of the 360 now may have burnt quite a few potential customers of buying its next system. They just seem to have forgotten thats its about games mainly…

  5. seems quite a lot and I’m not really surprised to be honest. They must be on the verge on announcing the next console, just to keep investors happy.

  6. Seeing as the 360 has been lacking exclusive games this year, i’m not surprised. Combine that with them focusing on multimedia and it’s no wonder that less people are buying it. If a gamer can only afford either a PS3 or 360 or Wii, chances are they will pick the PS3 due to the exclusives. No console can survive using only multiplat games and timed DLC. MS, you need to put more focus on getting exclusive games and brand new IPs but less exclusive DLC. as i’m struggling to think of an exclusive that is not either a GOW, Halo or Fable game. :S

Comments are now closed for this post.