1022_Microsoft

Windows Phone Business Declines 73%

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According to the latest quaterly report, Microsoft’s phone business saw a steep fall, a drop of 73% compared to same period last year. The company sold 2.3 million windows phones over past three months.

Still, the company is making money. Revenue was $20.5 billion while net profit was $3.8 billion. Microsoft also saw growth from its Surface segment, which grew by $1.1 billion over the past three months. That’s up 61 percent year-over-year. The company credited the surge in Surface sales to the Surface Pro 4 and the Surface Book, but there’s no word in its report exactly how many of those tablet computers it sold. Windows OEM revenue dipped by only 2 percent, which outperforms the PC market. Read more

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Sweekar S

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