Microsoft E&D Q3 Report

Microsoft has released its third quarter results today.

Microsoft’s Entertainment and Devices division posted a $315 million loss with sales slipping 21% to $929 million.

Overall Microsoft showed $4.93 billion in profits with $14.40 billion in total sales.

Sales of Xbox and PC games decreased 44 percent over the company’s first three quarters to $393 million, which the company puts hand in hand with the decrease in console sales.

Microsoft says the drop in sales came primarily because of decreases in the sale of Xbox 360s. During the quarter, the company shipped a half million consoles, as compared to 1.7 in the third quarter of 2006, that being the first full quarter in which Xbox 360s became available.