Microsoft Makes Record-Breaking Money But Keeps Losing Big OnlineBrian Barrett10/28/10 4:40pmFiled to: MicrosoftMicrosoft EarningsbingEarningsFinancials228EditPromoteShare to KinjaToggle Conversation toolsGo to permalinkThe good news for Microsoft: a record 16.2 billion dollars of revenue last quarter! The bad news: that's in spite of continued big losses in their online segment, and being passed by Apple in revenue.AdvertisementThe bulk of the news, though, was positive for Ballmer and friends: Xbox 360 was the leading console over the summer, Office 2010 is selling fast. More important, though, may be what Microsoft has to look forward to. Specifically, the imminent launch of Windows Phone 7, and the part of the Bing-Yahoo deal where Microsoft actually starts making money.Worth noting, also, that Microsoft's fallen behind Apple in the revenue race. Although Microsoft's still winning where it counts, posting $5.41 billion in net income to Apple's $4.3 billion.