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Friday, April 25, 2008

Xbox Division Leads Charge For Microsoft

G4's the Feed points out that while Microsoft's overall profits declined by 11% the Xbox video game unit surpassed expectations with its third straight quarterly profit and revenue gains of 68 percent to $1.58 billion. Microsoft had pegged the gains at between 25 and 35%. Canaccord Adams Inc. analyst Peter Misek in Toronto says "It's just amazing that a company this size is being driven by video games.'' Exclusive titles like "Halo 3'' and "Mass Effect'' lead the way.