Microsoft meets Xbox Sales Expectations

[Bond]

Microsoft Corp. today announced its Xbox video game console sold at the higher end of its expectation, with 3.9 million units sold worldwide at the end of the fiscal year. Microsoft changed three months ago its forecast of 4.5 million to 6.0 million shipments to a shipment of 3.5 million to 4.0 million Xbox units by the end of June.

The company also announced revenue of $7.25 billion for the quarter ended June 30, 2002, a 10 percent increase over the $6.58 billion for the same quarter last year.