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.
And, for once, some of what it can do looks genuinely useful.
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.
Amidst the AI frenzy of 2023, major players like Google, Microsoft, and Meta are in the spotlight, launching their own generative AI systems.
22%?? Geez. Sounds like there's not a lot of confidence in Windows 8.
Google lost 20% on share prices today.
Yikes
This is last quarters profit. Of course profit went down, Windows 7 was at the end of its life cycle...
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.