Microsoft CEO has no plans to sell the Xbox business
"I have no intent to do anything different with Xbox than we are doing today," Nadella told reporters at the Code Conference in California this week, The Verge reports.
Following the announcement in August 2013 that then-Microsoft leader Steve Ballmer was to retire upon the appointment of a successor, it was speculated that the company may look to spin off the Xbox business, one of its lower-margin divisions that doesn't drive sales of its core business services and software, in order to unlock shareholder value.
Data compiled by Bloomberg at the time suggested Xbox may be worth at least $17 billion (£10.1b).
Nadella was appointed Microsoft's new CEO in February. He joined the company in 1992 and previously managed the Cloud and Enterprise group, one of its fastest growing sectors.
Microsoft reported in late April that Xbox One shipments totalled five million units, while Sony said last month that PS4 sales stood at seven million units as of April 6. Both platforms launched in November 2013.
Posted:
Related Forum: Xbox Forum
Source: http://www.computerandvideogames.com/465066/microsoft-ceo-has-no-plans-to-sell-the-xbox-business/
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Comments
-yoghurtPosted:
Wand This is good, if they were to sell it to someone such as Google they would probably tie Google Plus into it somehow lmao.
oh dont get me started with that google +
TrueHardcoreGamerPosted:
Game_of_ThronesBrutalism Thank god they arent selling it. Microsoft make most of their money off xbox anyways
That's not true at all. The xbox division barely makes a dent in other Microsoft divisions profit wise.
i kno check this out
http://news.yahoo.com/bill-gates-says-support-dumping-microsoft-xbox-unit-171541169.html
WandPosted:
This is good, if they were to sell it to someone such as Google they would probably tie Google Plus into it somehow lmao.
AR15Posted:
Game_of_ThronesBrutalism Thank god they arent selling it. Microsoft make most of their money off xbox anyways
That's not true at all. The xbox division barely makes a dent in other Microsoft divisions profit wise.
True. Computer sales are much higher. Considering that's what is used worldwide. That's what built the company.
LatiasPosted:
Brutalism Thank god they arent selling it. Microsoft make most of their money off xbox anyways
That's not true at all. The xbox division barely makes a dent in other Microsoft divisions profit wise.
TomPosted:
Console Thank God. I mean can you imagine if Sony bought Xbox, lol, well good thing they decided to not sell it.
That would suck if they did man.
EllipsesPosted:
Thank god they arent selling it. Microsoft make most of their money off xbox anyways
ConsolePosted:
Thank God. I mean can you imagine if Sony bought Xbox, lol, well good thing they decided to not sell it.
nblzPosted:
yeah why would they sell it anywayS? didn't know ps4 is beating xbox in sales by 2 million units. microsoft probably lost players since they forced everyone to buy the xbox one with a kinect for so long.
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