Author: JT Smith
Reuters: “Microsoft could lose as much as $1 billion on its new Xbox video game console before breaking even in fiscal 2004, an influential Wall Street analyst said Monday.
Morgan Stanley analyst Mary Meeker said the console faced competition in the short term but had long-term opportunity.
“We believe that Xbox could lose around ($1 billion)…before breaking even in (fiscal 2004) if the product is reasonably successful,” she said in a note to clients.”
