I have no skin in the game as far as stocks or whatever but if Microsoft isn't losing much on that beast then Kudos to them.
Sony and Microsoft are eating higher BOM losses this coming generation, but nothing close to PS3 levels of losses.
As an FYI, the PS3 initial build cost was between $770-$805 dollars (or $989-$1,034 adjusted for inflation), and retailed for $599 (60GB sku) and $499 (20GB sku) during launch.
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