January 28, 2013 - administrator - Uncategorized
Despite the hype and anticipation of Windows 8, Microsoft profits dip as the operating system fails to catch on with the general public.
The results come on the day that Apple shares fell 12% on disappointing sales.
Much of Microsoft’s revenue growth was eaten up by an increase in spending on sales and marketing, while stronger earnings at the Windows division were partly offset by a decline in sales of the company’s Office products.
“Our big, bold ambition to re-imagine Windows as well as launch Surface and Windows Phone 8 has sparked growing enthusiasm with our customers and unprecedented opportunity and creativity with our partners and developers,” said chief executive Steve Ballmer.
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