PlayStation, Xbox divisions both turn profits for Sony, Microsoft

The consoles have turned profits for their makers.

Microsoft’s Entertainment and Devices division and Sony’s Networked Product and Services division, which house the Xbox 360 and PlayStation 3 businesses, have both reported profits for this fiscal quarter.

The profit for Microsoft came to an astounding $382 million, as revenues increased 27 percent and Xbox 360 sales went up 38 percent with 2.8 million consoles sold. The quarter is the first of Microsoft’s fiscal year.

"This was an exceptional quarter, combining solid enterprise growth and continued strong consumer demand for Office 2010, Windows 7, and Xbox 360 consoles and games," said Microsoft chief financial officer Peter Klein. "Our ability to grow revenue while continuing to control costs allowed us to deliver another quarter of year-over-year margin expansion."

Sony was able to post an $85.5 million profit in what is its second fiscal quarter with PlayStation 3 console and software units on the rise to 3.5 million and 35.3 million respectively. PSP and PlayStation 2 sales however dropped from last year.

The console maker credited reductions in hardware costs, the release of the PlayStation Move, and the higher PS3 sales for the increase in sales and revenue.



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Author: Mike Murphy View all posts by
Mike has been playing games for over two decades. His earliest memories are of shooting ducks and stomping goombas on NES, and over the years, the hobby became one of his biggest passions. Mike has worked with GamerNode as a writer and editor since 2009, giving you news, reviews, previews, a voice on the VS Node Podcast, and much more.

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