Ballmer, grasping for a lifeline. Xbox may deliver it.
Tech giant and Xbox creator Microsoft’s fourth quarter ended with revenue 17 percent down to $13.10 billion, and profits down 29 percent to $3.05 billion.
The company’s Entertainment and Devices Division, which contains its games business, as well as the Zune and other miscellaneous items, saw a 25 percent year-over-year fourth quarter revenue decrease to $1.19 billion.
But this primarily reflected shrinking Zune and Mediaroom revenue – Xbox 360 platform and PC game revenue decreased $110 million or 12 percent. The company shipped 1.2 million Xbox 360 consoles in the quarter, slightly down compared with 1.3 million Xbox 360 consoles during the same timeframe last year.
The biggest reasons given by Microsoft for the decline in Xbox business is a general decline in hardware sales, in addition to price drops implemented recently.
But hey, at least it’s not Windows.