“Microsoft’s fourth quarter earnings and sales missed expectations by a wide margin as the PC market slowdown and a writedown of Surface RT inventory painted a bleak picture,” Larry Dignan reports for ZDNet.
“The company reported fourth quarter earnings of $4.97 billion, or 59 cents a share, on revenue of $19.9 billion,” Dignan reports. “The results include a $900 million inventory writedown for Surface RT that amounts to 7 cents a share.”
Dignan reports, “Wall Street was expecting Microsoft to report fourth quarter earnings of 75 cents a share on revenue of $20.73 billion… The quarter for Microsoft reflects a tale of two companies—an enterprise side that’s killing it and a Windows part that’s struggling to regain its footing as tablets cannibalize PCs.”
Read more in the full article here.
MacDailyNews Take: Click!
Some people laughed when we stated:
As we have always said, even as many short-sightedly waved (and continue to wave) the white flag, the war is not over. And, yes, we shall prevail… No company is invincible. Not even Microsoft. – MacDailyNews Take, January 10, 2005
Who’s laughing now?
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