Tuesday, June 19, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Microsoft HoloLens Provides Access to Raw Image Sensor streams with Research Mode
CCIX Consortium Base Specification 1.0 Allows Companies to Deliver CCIX Production Devices
YouTube Music and YouTube Premium Launch in More Countries
HPE Says Astra is The World's largest Arm-based Supercomputer
Garmin fēnix 5 Plus GPS Sportswatch Adds Maps, Music, Garmin Pay and Wrist-based Pulse Ox
Google Uses Deep Learning to Predict When a Patient Will Die
Volvo Penta Unveils Self-docking Yacht Technology
iOS 12 Will Automatically Share Your Location with The Police
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 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 Follows Amazon in Checkout-free Retail Technology: report
E3 2018: Microsoft 'Halo Infinite' Trailer Unveiled, Ninja Theory, Undead Labs, Playground Games, Forza Horizon, and Gears of War 5
Microsoft Highlights Intelligent Cloud, Intelligent Edge vision at Computex Taipei
Microsoft Launches Program for Women Returning to Work
Microsoft to Buy GitHub for $7.5 Billion
Microsoft to buy GitHub: report
Microsoft's Value Overtakes Alphabet
Microsoft Acquires Conversational AI Company Semantic Machines
Microsoft Build 2018 Highlights
Azure and Office Power Microsoft's Third Quarter Results
Microsoft Unveils Reorganization Plan
Microsoft Previews Windows Server 2019

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .