During their quarterly financial result earnings call, Microsoft confirmed that it has sold more than 70 million Xbox 360 units worldwide since the platform’s launch in 2005.
1.7 million units were sold in the first quarter of the 2013 (from July to September, 2012). The figure represents a decrease of 600,000 from the 2.3 million Xbox 360s sold during the same quarter last year.
The Entertainment and Devices Division, which Xbox 360 is a part of, had revenue of $1.95 billion, a decrease of 1 percent year from last year. However, income dropped from $340 million to $19 million.
Microsoft attributed the considerable drop in income by stating there was no title that could meet the commercial performance enjoyed by Gears of War 3 during September, 2011. The firm also failed to launch any major titles in the first quarter of 2013.
In addition, Microsoft mentioned a 44 percent increase in research and development expenses to $140 million, which is undoubtedly attributed to the Xbox 360’s successor.