Microsoft reports $15bn record earnings in 3Q
Microsoft vs Apple has become a fable, as now we can see Apple and Microsoft vs the rest of the world. After Apple, Seattle’s tech giant has also shrugged off economic worries by posting a record $15 billion earning in the last quarter.
With their healthiest financial figures, both the companies are jumping upward the economic chill. Microsoft’s net income of $4.3 billion is enough to dwarf Apple’s $1.14 billion, but still Apple’s per share earnings are higher.
Xbox 360, which outsold the PS3 in the US , UK and Japan, has been named as one of the big ticket items of this year and aside from Xbox 360 enterprise and server software also offered good earnings.
Kevin Turner, Microsoft chief operating officer, says: “These days customers are frequently asking how they can save money and do more with less.”
Later this year, Microsoft had predicted an economic up-tick, but now the company is ready to accept the possibility of a continued economic slowdown.
However, the company is expecting to more software and hardware despite economic slowdown and hopeful to make more money in the last quarter of the year than the previous three quarters.
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