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Despite hot sales, Xbox One may be a $1 billion loser

26
Nov
2013

Despite selling more than a million Xbox Ones in less than 24 hours after launch, Microsoft is not going to make money off its latest gaming console anytime soon, prompting some analysts to advise a spin-off for the Xbox division. Barron’s points us to note sent on Friday by Nomura Equity Research analyst Rick Sherlund to investors claiming that Microsoft stands to lose more than $1 billion this year from its Xbox venture, a number that looks slightly better than the initial $2 billion Xbox One loss forecast from the same research firm. Sherlund estimates that Microsoft will sell around 4.2 million Xbox One units, although the number may be too optimistic considering existing competition from the PlayStation 4 and early

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