Microsoft posts record results; Windows sales dip
Apple and Intel aren't the only tech companies posting eye-popping financial results every quarter. Microsoft is part of the club, too, and it has once again failed to disappoint, posting "record" numbers for its latest fiscal quarter ending on March 31. Microsoft boasts about a 13% growth in revenue and a whopping 31% hike in net income.
The company saw double-digit growth in its business, online services, and server divisions, as well. The entertainment division saw the highest growth of all: 60%, purportedly thanks to Kinect for the Xbox 360 (which Microsoft calls the "fastest-selling consumer electronics device in history"). Windows 7 sales were another story, falling by 4% compared to the same quarter a year ago. Microsoft says Windows revenue was "in line with the PC trends, excluding prior year launch impact."
Incidentally, I should point out that Microsoft now appears to be making less money than Apple. The Mac maker posted $24.7-billion revenue and $5.99-billion net profit for the same quarter. Of course, Apple has had a higher market capitalization than Microsoft for some time. Who would have guessed that a decade ago?