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Microsoft Loses Over $400 Million on the Xbox One

by Tony Polanco23

Though things have been looking better lately for Microsoft’s Xbox One, the latest financial report from the company shows that there is still a lot of ground to recover. According to the report, Microsoft has lost well over $400 million on their current-gen console.

While they managed to sell 11.7 million consoles (both Xbox One and Xbox 360) in the fiscal year of 2014 which lead to a revenue increase of $1.7 billion, this was offset by the $2.1 billion they spent on the production and advertising of the Xbox One.

This is obviously bad news for the company but it isn’t exactly a dire situation just yet. The console has been gaining traction ever since its price was lowered to $399 which has put it on equal competitive ground with Sony’s PlayStation 4. We also have to keep in mind that the XBO hasn’t even been out for a full year so there is plenty of time for MS to rebound from these loses.

Source: The Independent

Considering normal life mundane, Tony prefers to spend most of his time absorbed in fictional worlds that stimulate his imagination. Tony is a geek through and through, and his love for Comic Books, Science Fiction, Heavy Metal, and Video Games knows no bounds. He uses his natural writing talent and communication skills to express to the world why it's awesome to live a geek-centric lifestyle. Former Senior Editor of STFUandPlay and Staff Writer for DualShockers. Current Executive Editor of this here site, Tony writes news, previews, editorials and is the host of the Throwdown, Throwdown your Questions and Spoiler Alert podcasts. Tony encourages the team to do their best by being all George Washington and getting bullet holes in his cape from leading by example. Tony also still dreams of being a superhero one day.