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Posted by Spy December 5, 2006 9:30 PM with 3 comment(s)
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Dec. 5 (Bloomberg) -- Microsoft Corp., competing with new machines from Sony Corp. and Nintendo Co., may exceed its forecast to sell 10 million Xbox 360 video-game consoles by the end of the year, Vice President Peter Moore said.

Asked whether Microsoft is likely to beat the outlook, Moore replied ``Yes. All indications are that we came off a very strong Thanksgiving holiday.'' Moore, in an interview today, declined to provide a new forecast.

Microsoft's Xbox has a one-year lead in the U.S. market over Sony's PlayStation 3 console and Sony has had difficulty getting enough of them in U.S. stores to meet demand. Microsoft, based in Redmond, Washington, has more games available and the Xbox costs $300 to $400 compared with $500 to $600 for the PlayStation 3.

``They key is we're in stock, we're available, we're delivering well to retail,'' Moore said. ``Certainly the consumer is recognizing the fact that we have a great price point as well as 160 games available and that flies in the face of our competition.

Shares of Microsoft fell 21 cents to $29.12 at 2:32 p.m. New York time in Nasdaq Stock Market composite trading. They had risen 12 percent this year before today.

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Comments

 

HTAT said:

How many PS3 have been sold?

 

Elmo,

 

http://www.whathowandwhy.com

December 5, 2006 10:59 PM
 

Andrewft65 said:

Being that they have been selling at a massive loss, it's not surprising that it has been modestly popular.

How many companies can afford to spend billions of dollars to do such a thing?

I wonder when Microsoft will get payback on ALL the investment.

I'll be sticking with my X-box Mk1 and PS2 for now! ;-)
December 6, 2006 9:19 AM
 

GP007 said:

I don't think they've said how much they spent on development for the first and now the 360, but they have greater control over the 360s hardware then they ever did with the original.   Now they can bring down costs faster and turn a profit sooner.   It's around this time in the life of a new console, going into it's 2nd year, that they start to get close to or even make a profit, maybe not directly on the hardware itself, but from all the software sales up to this point, GoW selling like crazy is a good example.  

Not to mention all the money they make off of live itself, which was something consoles before didn't have to work with.  All in all, I think they're going to be making money back around March of 2007?  I think by then they will have switched over fully to the 65nm process for the hardware, maybe even have a few newer and quieter DVD drives installed.

December 6, 2006 1:20 PM

About Spy

Hello world, as they say. I'm in Melbourne Australia and work as a Systems Administrator. I go to work every day with a smile on my face as I just love my work. Our company works across 30+ sites around the state so I travel a bit. We use mostly MS products, IBM hardware and 100% Cisco networking...it's a sweet mix for sure. I've been around Bink's site since it's inception way back when it was just a group on the MS site...that was a while ago. Bink.nu is the leading source of Microsoft news on the web that's for sure and I love being a part of Steven's team. Anyway, hope you enjoy the site.
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