Xbox sales drop, blames 'soft gaming console market'

Microsoft entertainment and devices division sales down 16%

Despite fifteen straight months at the top of the console charts, Microsoft's latest sales figures show the division behind Xbox posted a quarterly loss of $260 million.
According to Gamespot, the figures show a quarterly sales figure of $1.62 billion for the entertainment and devices division; a 16 per cent drop from last year.

The company blamed the loss on a "soft gaming console market."
Microsoft's gaming group, by comparison, is up on its sales for the fiscal year, climbing from $7.4 to $7.8 billion over the same period.
With reports the new Xbox console will be revealed sometime this year, the 360's sales have declined by 48 percent year-on-year.
http://www.develop-online.net/news/4...console-market