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Microsoft Misses Estimates, Profit Drops to $4.47B in Q1

by Todd Haselton | October 18, 2012October 18, 2012 3:00 pm PST

Microsoft Sign

Microsoft just released its fiscal first quarter 2013 earnings, which missed analyst projections. The company said its profits were $4.47 billion for the quarter, down from $5.47 billion during the same time period last year. The company reported sales of $16.01 billion, down 8 percent, due to a declining consumer interest in Windows-based computers, Reuters explained.

Microsoft is betting heavily on its new operating system, Windows 8, which launches on Oct 26. It’s possible consumers were holding out for that launch, even though plenty of Microsoft’s partners are offering upgrade deals to the new OS. Microsoft may find itself in some real trouble if it can’t show its investors that Windows 8, and its Surface tablets, aren’t a success.

“The launch of Windows 8 is the beginning of a new era at Microsoft,” said Steve Ballmer, chief executive officer at Microsoft. “Investments we’ve made over a number of years are now coming together to create a future of exceptional devices and services, with tremendous opportunity for our customers, developers, and partners.”

[via Reuters, Microsoft]

Todd Haselton

Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...