Wednesday, October 22, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Microsoft Is Rolling Out First New Windows 10 Preview Build
Yahoo Reports High Revenue and Profit
New Samsung Galaxy S5 'Plus' Released With Faster Processor
Google, Facebook And Comcast Spend The Most On Lobbying
Google Play Music App To Follow Your Mood
Login To Google Using A USB Security Key
Toshiba Debuts New 2-in-1 Convertible PC with a 360-Degree Design
Acer Leads The Growing Chromebook Market
Active Discussions
Copied dvd's say blank in computer only
How to generate lots of different CDs quickly
Yamaha CRW-F1UX
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
 Home > News > General Computing > Microso...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, July 19, 2013
Microsoft Reports Significant Loss On Unsold Surface Tablets


Microsoft is having a hard time selling its Surface RT tablets. The computer giant announced Thursday that it had to take a $900-million charge against earnings because of what it described as "inventory adjustment" for the device.

Microsoft recently cut the price of its Surface RT models by $150 this month and gave away thousands of free Surface Pro tablets to attendees at its developers conference in June.

The write-down for expected losses on the Surface RT tablet amounted to $900 million.

The company today announced a nearly $21.9-billion profit for the year. Quarterly revenue was $19.90 billion for the quarter ended June 30, 2013. Operating income, net income, and diluted earnings per share for the quarter were $6.07 billion, $4.97 billion, and $0.59 per share.

"While our fourth quarter results were impacted by the decline in the PC market, we continue to see strong demand for our enterprise and cloud offerings, resulting in a record unearned revenue balance this quarter. We also saw increasing consumer demand for services like Office 365, Outlook.com, Skype, and Xbox LIVE," said Amy Hood, chief financial officer at Microsoft. "While we have work ahead of us, we are making the focused investments needed to deliver on long-term growth opportunities like cloud services."

"We are working hard to deliver compelling new devices and high value experiences from Microsoft and our partners in the coming months, including new Windows 8.1 tablets and PCs," said Steve Ballmer, chief executive officer at Microsoft. "Our new products and the strategic realignment we announced last week position us well for long-term success, as we focus our energy and resources on creating a family of devices and services for individuals and businesses that empower people around the globe at home, at work and on the go, for the activities they value the most."

"Our new products and the strategic realignment we announced last week position us well for long-term success, as we focus our energy and resources on creating a family of devices and services for individuals and businesses that empower people around the globe at home, at work and on the go, for the activities they value the most," the company said in a statement.

Microsoft will have to do a better job with the Surface, as the company said it would focus more on products like the tablet and other services going forward, rather than just relying on its Windows software.

Microsoft Business Division revenue grew 14% for the fourth quarter and 3% for the full year.

Server & Tools revenue grew 9% for the fourth quarter and 9% for the full year, driven by double-digit percentage revenue growth in SQL Server and System Center.

Windows Division revenue grew 6% for the fourth quarter and 5% for the full year.

Online Services Division revenue grew 9% for the fourth quarter and 12% for the full year, driven by an increase in revenue per search and volume. Bing organic U.S. search market share was 17.9% for the month of June 2013, up 230 basis points from the prior year period.

Entertainment and Devices Division grew 8% for the fourth quarter and 6% for the full year. During the quarter, transactional revenue within Xbox LIVE grew nearly 20%, and Microsoft unveiled its next-generation gaming and entertainment console, Xbox One.

Microsoft's Windows 8 has sold more than 100 million licenses since launching in October. The company is also releasing a revamped version of the system called Windows 8.1 later this year.


Previous
Next
Panasonic, Sanyo, LG Chem In US price-fixing Guilty Plea        All News        AMD Eyes Game Consoles For Further Growth
Panasonic, Sanyo, LG Chem In US price-fixing Guilty Plea     General Computing News      AMD Eyes Game Consoles For Further Growth

Get RSS feed Easy Print E-Mail this Message

Related News
Microsoft And Dell Puts Azure In A Box
Microsoft To Launch A Wearable Device Soon
Microsoft CEO Apologizes For Suggesting Women not Ask for Raises
Microsoft says Samsung owes Millions in unpaid Patent Royalties
Microsoft Wireless Display Adapter Connects Miracast Devices to HDTVs
Microsoft Releases New Arc Touch Bluetooth Mouse, PC Accessories
Microsoft To Hold Next-generation Windows Event
Microsoft to Buy Minecraft maker Mojang
Microsoft To Drop The Nokia Branding
Microsoft Azure Media Services Adds Live streaming, Content Protection and Indexing Services
Microsoft Launches Delve For Office 365
Microsoft Updates MSN

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .