Xbox 360 revenues have risen 33 percent since this time last year, hitting $1.2 billion in the first quarter, Microsoft announced today. Halo Reach represents a significant portion of the proceeds, raking in $350 million on its own (via Gamasutra). The Xbox 360 helped the company's Entertainment and Devices Division generate a $382 million profit the quarter, which represents a 46 percent increase from last year. The console was also cited as one of the key reasons Microsoft saw its revenue increase to $16.20 billion. Microsoft expects further increases going forward, projecting a total year revenue increase of 20 percent and 30 percent year-over-year growth. Major releases will include Kinect and Windows Phone 7. Kinect will be out next week.[/p] Source I'm pretty sure this year had some bigger games than last (mainly just Halo: Reach), so it's a no-brainer. Now here comes the bagillion "BAWWWW MICROSOFT SUX XBOX SUX" haters.