Microsoft has announced that it shipped 10.3 million Xbox 360 consoles during its 2010 financial year (ended June 30, 2010). This is down from the 11.2 million units shipped in the previous year.

This brings life-to-date shipments for the console to 41.7 million units.

The Entertainment and Devices Division, to which the Xbox belongs, generated over $8 billion in revenue and profits rose from $108 million in 2009 to $679 million in 2010.

In related news, Xbox LIVE continues to grow, now boasting over 25 million members.