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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newsguy1881d ago

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

gaffyh1881d ago

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

blogger871881d ago

Google lost 20% on share prices today.

mushroomwig1881d ago

Okay, what does that have to do with anything?

jeromeface1880d ago

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

blogger871880d 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)

Grap1880d ago (Edited 1880d ago )

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

SilentNegotiator1880d ago (Edited 1880d ago ) 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 1880d ago
Gondee1881d ago

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

Bolts1880d 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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