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Thursday
Jan272011

Kinect Sensor Boosts Microsoft to Record $19.95-Billion Revenue

Photo Courtesy - Microsoft(REDMOND, Wash.) -- Microsoft sold eight million units of its Kinect gaming device, the $150 Xbox accessory that allows for remote-less gameplay.  The company estimated that it would sell five million of the devices, but just 60 days after its release, Kinect sales exceeded Microsoft's goal by three million.

“We are enthusiastic about the consumer response to our holiday lineup of products, including the launch of Kinect. The eight million units of Kinect sensors sold in just 60 days far exceeded our expectations,” Peter Klein, the Microsoft chief financial officer said in a statement Thursday.

The technology giant reported record revenues and earnings per share while disclosing the financial results from its fiscal second quarter.  Microsoft says that its $19.95 billion in revenue and $0.77 per share were driven mainly by the 55 percent growth in the Entertainment & Devices Division.  Microsoft credits the Kinect sensor for the upsurge in Xbox 360 console and game sales as well as Xbox Live subscriptions.

Copyright 2011 ABC News Radio

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