Did you miss a session from GamesBeat Summit 2022? All sessions are available to stream now. Watch now.


Microsoft said today that its Xbox 360 video game console was the best-selling console in the U.S. for the ninth consecutive month. That, and the good reception for Gears of War 3, an exclusive for the Xbox 360, helped push the company’s game revenues upward.

Gears of War 3 sold more than 3 million copies in its first week with initial sales starting on Sept. 20. The sci-fi game franchise (pictured above) had already sold 13 million units, so the additional sales pushed the lifetime sales of Gears of War to 16 million units, or $960 million at retail. Pretty soon, you can expect that amount to top $1 billion.

For the third quarter ended Sept. 30, Microsoft reported revenues for Entertainment and Devices (which sells games, retail software, Zune, and Windows Phone 7 software) were $1.96 billion, up from $1.79 billion a year earlier. Operating income was $352 million, down 9 percent from a year ago.

Bill Koefoed, general manager of investor relations at Microsoft, said in an analyst call that gaming remains an important part of living room entertainment and that the company will soon launch TV entertainment on Xbox Live. Among the big titles coming this fall are Forza Motorsport 2, Kinect Sports 2, and Halo: Combat Evolved Anniversary. All told, more than 70 games using the Kinect motion sensor are coming this season.

Event

MetaBeat 2022

MetaBeat will bring together metaverse thought leaders to give guidance on how metaverse technology will transform the way all industries communicate and do business on October 3-4 in San Francisco, CA.

Learn More

Microsoft’s Xbox Live online gaming service has more than 50 million users.

GamesBeat's creed when covering the game industry is "where passion meets business." What does this mean? We want to tell you how the news matters to you -- not just as a decision-maker at a game studio, but also as a fan of games. Whether you read our articles, listen to our podcasts, or watch our videos, GamesBeat will help you learn about the industry and enjoy engaging with it. Learn more about membership.

Author
Topics