Xbox 360 Finally Making a Profit

Since the launch of the Xbox 360, Microsoft’s Entertainment & Devices Division has seen nothing but losses. All that is now changing as they have announced a profit for the second quarter in a row.

Microsoft cite strong hardware sales and a solid release of triple-A titles, such as Halo 3 and Mass Effect, for the profit. An operational income of $524 million has been reported for the last 6 months of 2007, with the majority of that coming in the run up to Christmas.

This now leaves the PS3 as the only current-gen console to be losing money for its parent company, a fact analysts have said won’t be changing until “late 2009”.

Incidentally Nintendo have been swimming in gold in recent years due to the Wii being profitable since day one.

Thanks to Lark Ohiya for the pic.

Via The Escapist