Microsoft Xbox 360 sales slowing down

Nintendo Wii has been the best selling next generation gaming console in the recent months. Microsoft’s Xbox 360 came second while Sony is trailing their two rivals.

However, Microsoft is still not managing to impress the analysts with the sales of their Xbox 360. In fact, the sales have been dropping down in the recent months.

Microsoft has just reported that they sold around 500,000 consoles during the first quarter. This is down significantly from sales figures of 1.7 million last year in the same period.

The company however reported slight improvement in their revenue figures as they made a loss of $315 million. This is down from $402 million a year earlier.

The sales for the company were down too at $929 million, down from $1.2 billion a year earlier.

Market analysts believe that the company would have to work real hard to make a profit from this division. They can launch some exciting new games in the coming months. They are already scheduled to launch Halo 3 which is expected to be a best seller for the company.