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Microsoft predicts Xbox One launch to be huge as company profits soar 17%

Sam Loveridge

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Xbox One Day One Edition controller
Xbox One Day One Edition controller

Microsoft has predicted the Xbox One launch will be the biggest in Xbox history, announcing its high hopes during its quarterly earnings call.

With the Xbox One release date just a month away, Microsoft is confident about the launch for its next-gen console.

“We expect the launch of Xbox One to be the biggest in Xbox history", said Microsoft CFO Amy Hood.

The call not only announced Microsoft’s grand expectation for the Xbox One, but also revealed the company’s successes for the most recent financial quarter.

Microsoft reported earnings that beat all predictions for Q3 2013, posting a $5.2 billion (£3.2 billion) profit figure, up 17 per cent from the same period the year before.

“Our devices and services transformation is progressing and we are launching a wide range of compelling products and experiences this fall for both business and consumers,” said Steve Ballmer, Microsoft CEO.

The company’s revenue also rose 16 per cent to $18.5 billion (£11.4 billion), helped by sales of its Microsoft Office software.

“Our new commercial services will help us continue to outgrow the enterprise market, and we are seeing lots of consumer excitement for Xbox One, Surface 2 and Surface Pro 2, and the full spectrum of Windows 8.1 and Windows Phone devices.”

What’s more interesting is that the Surface revenue jumped to $400 million (£246.8 million) for sales, mostly attributed to the heavily discounted Surface RT model.

“As we look forward to the second quarter, our enterprise business will remain strong, and we are also set up for [a] fantastic holiday season with Surface, Xbox One and a host of devices from our partners,” added Hood.

In light of the quarter’s strong financial postings, Microsoft shares rose 6 per cent in after-hours trading.

Next, read our pick of the best Windows 8 laptops, tablets, convertibles and PCs.

Jamie Lewis

October 25, 2013, 11:06 am

Please check your posts, even a cursory read would have picked up on some really glaring mistakes. It just comes across as rushed and careless.

Surging

October 25, 2013, 3:17 pm

5 billion transistors, and only 720p. xbox one the future competition of ps3

Goliath

October 25, 2013, 4:23 pm

Sadly, your post is terribly flawed. You do know that Forza and NBA 2k14 have been confirmed to run at 1080P/60FPS right? Get your facts straight, TROLL

Geoff Richards

October 26, 2013, 3:50 pm

Thanks - I've fixed these

Jamie Lewis

October 26, 2013, 3:52 pm

Didn't mean to sound rude, just I read TR daily and I'm seeing more and more rushed articles :)

Geoff Richards

October 28, 2013, 10:58 am

No worries. You can always email us directly if you spot anything. We have taken note of these concerns and will be addressing them internally.

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