SONY AND MICROSOFT RELEASE FIRST QUARTER FINANCIAL REPORTS

I was checking out Gamasutra and it appears Sony and Microsoft reported their first quarter earnings today, no huge surprises, but here’s the quick version as far as the game divisions of each company are concerned;

Microsoft: The bottom line for Microsoft is that while total revenues are up due to sales of the Xbox 360 and it’s related hardware/software, they took large losses for the same reason, and the Xbox division is still in the red. For those who don’t know, it’s estimated that Microsoft loses $126 on every Premium Xbox 360 sold. Click here for the Gamasutra article.

UPDATE: Included in those announcements yesterday was word that Microsoft has currently shipped 3.2 million Xbox 360 consoles worldwide.

Sony: Sony’s game division continues to be one of their bright spots during this time of increased competition in the consumer electronics field, however Sony did note that the games division expects to post huge losses later this year due to the launch of the PS3. Click here for the Sony Q1 Gamasutra article.