In today’s video, we discuss something subjective – are video game remasters good or bad? And...
Microsoft Q3 Financials Released, 1.2 Million Xbox One Units Shipped
Microsoft’s financial results for the third quarter of its fiscal year ending on March 31, 2014 reveal the company to have earned a profit of around $5.66 billion.
In this period, the company saw to roughly $20.40 billion in revenues and sold 2 million Xbox consoles in total, with Xbox One accounting for 1.2 million. Operating and net income were recorded as $6.97 billion and $5.66 billion respectively; while earnings per share for the quarter was $0.68 per share.
“This quarter’s results demonstrate the strength of our business, as well as the opportunities we see in a mobile-first, cloud-first world,” said Microsoft CEO Satya Nadella in a prepared statement.
“We are making good progress in our consumer services like Bing and Office 365 Home, and our commercial customers continue to embrace our cloud solutions. Both position us well for long-term growth. We are focused on executing rapidly and delivering bold, innovative products that people love to use.”
Last week Microsoft announced that it has so far shipped over 5 million Xbox One units since its launch in November. However, the company decided on not releasing actual sales figures. Even if you take into consideration that all 5 million units were sold, that is still 2 million short than the PlayStation 4, which according to Sony has so far sold over 7 million units.
Microsoft did reveal that the month of March saw 311,000 Xbox One units being sold in the US. This figure puts the console ahead of the Xbox 360 by 60 percent at the same point in their respective life cycles.