Microsoft Earnings Down on Slow PC Sales – Windows Revenue Down 30 pct
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Microsoft Corp.’s net income for the latest quarter fell slightly from a year ago but the software giant still beat Wall Street’s expectations despite the weak personal computer market. Sales of Office 2010 to businesses buoyed the results, as did the popularity of Kinect, Microsoft’s new motion-sensing controller for the Xbox 360 video game system.
Revenue in the Windows division plunged 30 percent to $5.1 billion. Microsoft launched Windows 7 in the same quarter of 2009, making for a tough comparison. Meanwhile, in the 2010 quarter, worldwide personal computer shipments only grew about 3 percent as Apple Inc.’s iPad and the promise of more tablet devices to come made consumers think twice about what kind of device to buy.
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