I’ve confused. If this is a Windows world we live in, how could PC sales drop 24 percent? Do people hate Vista that much? Is that why they stopped buying new PC’s? Heck, I bought a new PC and I stuck with Windows XP. Is it my fault their profits dropped?
Microsoft Corp. declined 5 percent in extended trading after it reported an 11 percent drop in third-quarter profit and forecast earnings that may miss analysts’ estimates as Windows software sales fell.
Net income dropped to $4.39 billion, or 47 cents a share, from $4.93 billion, or 50 cents, a year ago. Revenue was little changed at $14.5 billion, matching analysts’ estimates and disappointing investors looking for more after industry reports showed better-than-expected demand for personal computers.
The world’s biggest software maker said sales of Windows for PCs sank 24 percent and revenue from its online advertising unit came in at the low end of its projections. Microsoft’s report contrasted with positive comments from chipmaker Intel Corp. and computer company International Business Machines Corp.
When Microsoft makes less money, you know somethings up with the economy.
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