Microsoft's Xbox division posts $172M loss even as slim models start selling

Microsoft’s Xbox business has been smooth sailing of late, and the lowered cost of production has enabled the company to introduce its new slim model recently. That said, in the most recent quarter ended June 30, the Entertainment and Devices Division (EDD), which houses Xbox, PC consumer and Zune, saw its operating loss  increase 22 percent year-over-year to $172 million. Sales, however, jumped 27 percent to $1.6 billion.