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Microsoft Rides Kinect To Record Revenues

News

by Matt Bertz on January 27, 2011 at 06:17 PM

5,956 Views

Microsoft's entertainment and devices division racked up $20 billion in revenues over the 2010 holiday fiscal quarter thanks to the new controller-free game experience.

After recording large losses just two quarters ago, the Xbox 360-driven group posted a record-breaking 55 percent growth over the critical holiday season. Microsoft credits the jump to selling 6.3 million Xbox 360s, a 30 percent growth in Xbox Live subscribers, and burning through 8 million Kinect peripherals in just 60 days. Not bad for a console many predicted would give way to the PlayStation 3 in its later years.

Microsoft believes this positive trend will continue, projecting a 40 percent revenue growth for the 2011 fiscal year.

[Source: GamaSutra]

Email the author Matt Bertz, or follow on Twitter, Google+, Facebook, and Game Informer.

Filed under: News, Xbox 360, Microsoft, Xbox Live, Kinect

Comments

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by Cody Gilley Thursday, January 27, 2011 at 06:19 PM

Glad to hear it is going well for them. I am sure many employees are happy as well, which is good.
by gamekarma Thursday, January 27, 2011 at 06:23 PM

now work for hardcore games.....
by christian b in da house Thursday, January 27, 2011 at 06:24 PM

I wonder if microsoft will ever announce a handheld, they would have too much competition if they did.
by Fews Thursday, January 27, 2011 at 06:30 PM

In before, during, and after angry nerds who can't distinguish between the words "revenue" and "profit" whining up a storm.
by Mr. Charmander Thursday, January 27, 2011 at 06:32 PM

Glad to see Microsoft is doing well. Hopefully, we can expect some more exclusive titles or just multi-platform the games Playstation has.
by BMW Thursday, January 27, 2011 at 06:32 PM

Nice pick-up during the end of the year!

Congrats Microsoft!
by Zonified Thursday, January 27, 2011 at 06:34 PM

I still see lots of unsold Kinects at my local Gamestops, Target, and Bestbuy, so...yeah.
by Anticitizen-One Thursday, January 27, 2011 at 06:36 PM

This is great! Keep it up MS, Proud owner of an Xbox console system since 2001 and still going!
by Kyledk05 Thursday, January 27, 2011 at 06:42 PM

Wow. Now that you've roped in the casuals, time to start working on the hardcores MS.
by Vurtax Thursday, January 27, 2011 at 06:43 PM

With all this great sales numbers, I swear if we don't get a promising E3 again either this year or the next from Microsoft I'm gonna... do nothing.

Oh and since you brought up Patcher, can we seriously start some kinda mass project to shut the idiot up? He makes claims so obvious you wanna shake him, he make claims so out there they have no purpose. And he says stupid remarks.

WHO IS PAYING HIM FOR HIS CRAP?!
by aidros Thursday, January 27, 2011 at 06:43 PM

Cha ching! still gonna wait for a price drop for kinect before I get one
by Robert J. Hollis Thursday, January 27, 2011 at 06:48 PM

Where the h**l are the games for the d**n thing?
by farlus Thursday, January 27, 2011 at 06:49 PM

I still can't believe they pushed through so many X-Boxes and Kinects during the holidays. Glad to see them going strong.
by Austin Thursday, January 27, 2011 at 07:10 PM

All right, Microsoft!!!
by Round Dragon Thursday, January 27, 2011 at 07:12 PM

Nice, but bring more Kinect games, which would help sales of Kinect peripherals even more.
by xghost777 Thursday, January 27, 2011 at 07:16 PM

They didn't sell 8 million though, they only shipped 8 million.
by Jason R. Thursday, January 27, 2011 at 07:50 PM

Cool. It's good to see someone making money. :)
by magiccoffeepot Thursday, January 27, 2011 at 07:59 PM

I gotta say, I thought this thing was going to flop. Anyway, kudos to Microsoft on selling so many units! This is especially impressive considering none of the launch titles were stellar, save for Dance Central. I hope they support it with good games.
by David Thursday, January 27, 2011 at 08:14 PM

The rich get richer.
by Redsion Thursday, January 27, 2011 at 08:16 PM

nice! but i think they need to get straight into making some decent games for it. the games that are out are OKAYISH... as in, there great to show off the new tech, but the actually gameplay is crap. we need some really nice games :)