Microsoft to take a heavy hit on the Xbox
The company is expected to lose $750 million this fiscal year.
According to a recent Red Herring article, it's been estimated that Microsoft will lose $750 million this fiscal year and around $1.1 billion in the next fiscal year due to costs associated with manufacturing and selling its Xbox console. The same article also reported that the Xbox design team has been working on an alternate form of the Xbox hardware that will support Microsoft's Ultimate TV, a digital recording device similar to TiVo.
"Regarding a hybrid box, we are moving full steam ahead with the Xbox in its current state while staying deadly focused on games," David Hufford, Xbox product manager at Microsoft, told the publication. "Of course we have engineers looking at dozens of possibilities for the future of the console."
...Xbox and TiVo, together? Dear God. What are you trying to do to me, Bill?