Microsoft 2005 quarter 4 results meet expectations
Can't Post
Reuters is reporting that Microsoft's financial results for the quarter met predictions despite speculation that the Xbox 360 shortage would affect the company's revenue. However, seeing as Microsoft's profits increased by five percent, this doomsday scenario never materialized. But then again, we may see the short fall in the next quarterly report, or perhaps is simply means the 5% could have been 10% had it not been for crappy supply.
Microsoft's revenue for the quarter weighed in at $11.84 billion, a solid gain on the $10.82 billion the company pulled in for the same quarter in 2004.
Join DVG Forums 4 FREE! Only takes 5 seconds to join!
Microsoft has lowered its 90-day Xbox 360 sales forecast due to production-related shortages but is holding fast to its target to sell between 4.5 million and 5.5 million video game consoles by the end of June.
Microsoft's revenue in the fiscal second quarter ended December came in slightly below analysts' and its own forecasts, due to issues of short supply of the Xbox 360, Colleen Healy, Microsoft's director of investor relations told Reuters.
Liddell said Microsoft's third manufacturing partner, Celestica, will come on board next month, helping to ease shortages. He added that Microsoft continues to expect $1.5 billion in sales of Xbox 360 consoles, video games and accessories in the first 90 days. Video game and accessory sales have outpaced expectations.
Join DVG Forums 4 FREE! Only takes 5 seconds to join!
Site Map | Add Your Site to the Directory | Mobile Phone Reviews UK | Cashback Shopping Reviews | SEO friendly Directory | Plasma TV Reviews | Video Game Rentals | Cheap broadband Supplier UK | Shopping Directory
www.DiscussVideoGames.com is not associated by ownership or membership with any developer,
gaming manufacturer, or game producer, and is not meant to be an endorsement of any company,
service, or link. All unique logos and designs are property of www.DiscussVideoGames.com
