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The Omniscient
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Jan 29, 2006, 7:15 AM
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Microsoft 2005 quarter 4 results meet expectations
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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.
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Mod
The Omniscient
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Jan 29, 2006, 7:27 AM
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Re: [Mod] Microsoft 2005 quarter 4 results meet expectations
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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.
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