440°

Microsoft's Profit Plummets 22 Percent Ahead of Windows 8 Launch

Maximum PC: Lest there be any doubt whatsoever that Microsoft has a lot riding on Windows 8, the Redmond outfit's financial report for its first fiscal quarter of 2013 (which ended September 30, 2012) contained more thorns than roses. For example, the company's quarterly earnings dropped 22 percent sequentially to $5.47 billion, as slumping PC sales continue to adversely affect tech firms across the board. Revenue also declined, dropping 8 percent to $16 billion, down from $17.37 billion one year prior.

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maximumpc.com
newsguy4207d ago

22%?? Geez. Sounds like there's not a lot of confidence in Windows 8.

gaffyh4207d ago

Or could be that people are waiting to buy the new Windows 8 PCs, which is why there is a drop in earnings.

blogger874207d ago

Google lost 20% on share prices today.

mushroomwig4206d ago

Okay, what does that have to do with anything?

jeromeface4206d ago

Goog and MS are in direct competition, so its a trend.

blogger874206d ago

News of losses for Google and Microsoft on the same day. Shows how the recent failure of their policies (hint: Google's alogos and Windows 8, among various other bad moves)

Grap4206d ago (Edited 4206d ago )

yah and Apple lost some share. just bad day for economy.

SilentNegotiator4206d ago (Edited 4206d ago )

So.....you guys think quarterly profits compare to a DAY of share price changes?

Thanks jr. Business Degree. Consider leaving this debate to the adults, though.

+ Show (1) more replyLast reply 4206d ago
Gondee4207d ago

This is last quarters profit. Of course profit went down, Windows 7 was at the end of its life cycle...

Bolts4206d ago

All PC centric businesses went down today due to the "mobilelization" of the new economy. In short, if you're not in the mobile space, you're a fossil, so say the investors.

Case in point, the new eBay.

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60°

Windows Copilot gets its artificial tendrils deeper into the OS settings in a new beta update

And, for once, some of what it can do looks genuinely useful.

2d ago
80°

Microsoft's Gaming Shake-up: 1900 Job Cuts, Senior Execs Exit Xbox and Blizzard

Microsoft is laying off more employees, a new round after they cut thousands last year. It seems like many big tech companies are doing the same.

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techacrobat.com
60°

Apple's Bold Move to Train LLM on Trendsetting News

Amidst the AI frenzy of 2023, major players like Google, Microsoft, and Meta are in the spotlight, launching their own generative AI systems.

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techacrobat.com