“Later today after the markets close, Microsoft will announce its first-quarter earnings, which a consensus of Wall Street analysts expect to show earnings of 55 cents a share on $15.8 billion in revenue,” Kara Swisher reports for AllThingsD.
MacDailyNews Note: On October 18, 2010, Apple Inc. posted record revenue of $20.34 billion for the company’s fiscal 2010 fourth quarter.
Swisher continues, “Wall Street has been downgrading Microsoft’s stock, mostly due to worries about the surging popularity of the Apple iPad, the introduction of even more upcoming tablets and the trend’s overall impact on PC and, especially, netbook sales that run the company’s software.”
Read more in the full article here.
MacDailyNews Take: Revenue is one thing, net income is another. Apple’s net quarterly income on that $20.34 billion was $4.31 billion. Last quarter, Microsoft reported net income of $4.52 billion on $16.04 billion in revenue and the company will have the first full quarter of sales of the obscenely profitable Office 2010 to report. We’ll find out later today where the two companies stand in relation to each other on quarterly profit.