Xbox One Sells 1.2m in Third Quarter of 2014, Microsoft Profits Rise to $5.66b
Written Friday, April 25, 2014 By Lee BradleyView author's profile
Microsoft recorded profits of around $5.66 billion and revenue of roughly $20.40 billion in the third quarter of fiscal 2014, which ended on March 31st.
The sale of 2 million Xbox units, including 1.2 million Xbox Ones, helped Microsoft to this number during the period. Xbox comes under the Devices and Consumer department, which recorded a revenue rise of 12 per cent year-on-year to $8.30 billion.
"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.
"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 Xbox One has shipped 5 million units since launch, with 311,000 coming in the US in March 2014 alone. It puts the Xbox One 60 per cent ahead of Xbox 360 at the same point in its lifecycle.