Microsoft Loses Money From Xbox 360

Microsoft is reporting that they have experienced a 20% drop in revenue because of the slow-down in the sales of the Xbox 360. Microsoft has posted record profits for the company overall in its third quarter, thanks largely to the sales of Windows Vista. The total revenue came in at $14.4 billion which is up 32% from the previous year.

The Entertainment and Devices Division, saw revenues drop by over 20% to a mere $929 million. Microsoft is setting the drop on the decreased sales of the 360.