Microsoft Q1 Profits Falling
The 67% increase in Xbox 360 sales did not save the company from reporting the 10.9% drop in net profits this last quarter, to only $4.3bn. The net revenue it self didn’t grow much either, less than 1% to $14.45bn. So the drop can’t only be blamed on the $1.42bn EU anti-trust fine.
That said, add to it the very slow growth Microsoft is getting in the online business, and to add insult to the injury, Gartner analyst have recently reported on the danger of Microsoft Windows collapsing due to it’s lack of competitiveness with the fast growing market. Come to think of it, really, for the leader in OS business, Microsoft haven’t been shaking things up at all. So maybe few years from know, Microsoft will receive door knocks by Yahoo for a buyout!
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Kroms: A decline in profit is a sign of bad things to come. Means the company is decelerating, facing problems. Financially, company is not meeting investor targets, thus affecting stock price. And people like gates lose millions by simple stock price change :)
and… How on earth did you remember it’s my birthday? Is it because it’s Chernobyl disaster day? :) Thanks, it means a lot. I am bad at remember dates, so I gotta find a geeky way to return the favor… as you did I’m sure ;)
That’s just greed. I wouldn’t really give a damn. He didn’t LOSE millions, he didn’t MAKE millions MORE.
Dude. Facebook.
Kroms: What is it with Facebook :)
I feel like really old grandpa who’s not able to digest new thing. I try to but I just see it too much time consuming.
But a profit is a profit, isn’t it?