Microsoft takes it in the shorts to compete

Seriously…they sure know how to lose money when they want something bad enough.

Microsoft recently divulged its Q3 earnings, which included 1.7 million Xbox 360s shipped. This brings the total count to 3.2 million consoles shipped worldwide, and suggests that Microsoft is still on track for its goal of 5–5.5 million units shipped by the end of the fiscal year. Despite these positive “sales” figures, Microsoft’s Home and Entertainment segment, which includes the Xbox division, posted a $213 million quarterly operating loss, bringing its total losses to $388 million.

Joystiq.