By Michael McWhertor, 7:20 PM on Thu Apr 26 2007, 2,961 views (Edit, to draft, Top, Slurp)

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Microsoft announced its earnings for the previous quarter—Q3 in its fiscal year—with the Entertainment and Devices Division seeing a $315 million operating loss. E&DD contains not only the Xbox gaming division, but also the Zune, Games for Windows and IPTV offerings, among others. Microsoft says, however, that Xbox-related sales "generates the majority of hardware revenue" for the division.

That $315 million loss for the quarter doesn't look as bad when you compare it to the previous year's quarter, which showed a $402 million operating loss. Overall, though, the company saw revenue of nearly $14.4 billion. Which is a lot.

Microsoft says it has now shipped out some 11 million Xbox 360s worldwide with 500,000 of those shipments from the first three months of 2007. That 500K is down from the previous year's quarter, when the company sold 1.7 million current-gen consoles.

Anyway, still with me? I know it's boring. To sum up, Xbox still losing money, Microsoft still making money. Bill Gates still insanely rich. Michael McWhertor