Kinect Powers Record Quarter for Microsoft

Microsoft saw record growth over the last financial quarter, with the sale of 8 million Kinect units helping its entertainment division climb up 55 percent year-on-year.

Revenue for Microsoft as a whole came in at a total of $19.95 billion with $8 billion profits reported.

The Entertainment and Devices division was the best in class, with revenues of $3.6 billion, with the sale of 6.3 million Xbox 360 consoles, 8 million Kinect units and a 30% rise in Xbox Live membership all contributing to the figures.

“We are enthusiastic about the consumer response to our holiday lineup of products, including the launch of Kinect. The eight million units of Kinect sensors sold in just 60 days far exceeded our expectations,” said Microsoft CFO Peter Klein.

“The pace of business spending, combined with strong consumer demand, led to another quarter of operating margin expansion and solid earnings per share growth.”

Microsoft’s good news comes in contrast to Nintendo’s recent quarterly report, which revealed a 46% fall in profits as the Japanese company prepares for the launch of the 3DS.

via: IGN

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