“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?
Gartner: Apple to overtake Microsoft in total OS sales in 2015 – June 25, 2013
Apple Macintosh owns 45% of PC market profits – April 16, 2013
Steve Jobs’ revenge – April 12, 2013
Apple Macintosh on the rise as Windows PC market plummets – April 11, 2013
Gartner: PC Market posts 11.2 percent decline in Q113; Apple Mac sales up 7.4 percent in U.S. – April 10, 2013
IDC: PC shipments post the steepest decline ever in a single quarter, down 13.9% in Q113 – April 10, 2013
It will take decades to completely kill the beast.
That’s the good news, the bad news is: Ballmer will get shitcanned. Great while it lasted.
Say it ain’t so, Joe!
At some point it becomes sad.
Yeah but we are far from that point!!
Can’t wait for the first media reference to Microsoft as ‘beleaguered’.
Not really; for now, there is no perspective for Microsoft to become destroyed. It is still incredibly big and profitable.
As Jobs said, there is no need for Microsoft to fail, for Apple to succeed. Microsoft just have to stagnate enough, and this is what they did.
They will just become IBM. A certain irony in that.
MacDailyNews Take: Who’s laughing now?
We are! 🙂
Dang it! I wish I had a good evil laugh.
Try adding bold and italics tags:
There you go! Caps makes it even MORE evil.
GOOG down 3.82% in after hours trading and MSFT down 6.18%.
Bill Gates is laughing now
Ballmer forever! (Or at least for as long as it takes.)
Apple reports next week ….. Should be interesting …..
So all the “competition” (NOT!) report huge misses…oh what a surprise…
Even with Apple’s new guidance, Apple will surprise all these idiot analists and know nothings on Tuesday- watch.
And AAPL will drop anyway. Guaranteed.
I don’t know about that. I think Hannah had a great point that the Apple Bear Bullshit has lost its entertainment value. The analcysts are changing the channel for some new meat to amuse them.
If recent history repeats, then sure, it will drop like a rock. But depending on the past to predict future stock movements tends to get investors blindsided. There’s a handful of good reasons to think AAPL has already past the low point and is starting the climb up. Its future is far from certain.
Expect a continuing series of large acquisitions to disguise their decreasing profitability
and the ensuing deprecation of those aquisitions, of course.
Currently MS is a cash cow. The stock will remain level as long as they continue paying a decent dividend. When that ends, the stock will plunge. If the reorganization were bring done under someone like Lou Gerstner (IBM), then maybe there would be a chance to see MS’s revival.
10 PRINT”AINT GONNA HAPPEN”
How fitting that you wrote your infinite loop in BASIC botvinnik!
Wow, had to re-read that a few times. Takes me back to the early-80’s when my elementary school got our first Apple ][+ when I was in 5th grade. I even bought a book called “Basic Apple Basic” and it’s still on my bookshelf at my parent’s house.
Mac OS X and iOS are gonna run the future.
But, but, … … … click?
I see the creative accounting is finally over.
Almost a billion dollar write off on surface. Wow
how many surfaces were sold?
I had heard a number of 1.5M.
that’d be $600 per device. wow!
MDN, is microsoft the new Dell? Will we have a death watch and reports like this one every month?
Ya know, there used to be Microsofties. What happened to them?
It seems like every message I get from them now says “Sent from my iPad” or “Sent from my iPhone.”
This calls for a round of drinks!
I’ll have the Long Island Iced Tea, and Mr. Reality-challenged over there will have the Kamikaze