Menu

Daily News for the Geek Mind

Microsoft beats Street, but pales against Apple

Apr 29 2011, 2:01am CDT | by , in News | Technology News

Microsoft beats Street, but pales against Apple

Microsoft released Quarterly Earnings yesterday. Apple has already a much higher Market Cap, but is now also beating Microsoft in sales and profits.

Microsoft announced better than expected earnings for the last quarter. Microsoft's third-quarter revenue is $16.43 billion for the quarter ended Mar. 31, 2011. This is a 13% increase from the same period of the prior year. The net income was $5.23 billion. Microsoft market cap stands at $224 billion. Apple's revenue for the last quarter revenue was $24.67 and the net income was $5.99 billion. Apple's market cap is at $320 billion. Right now Apple's Apple beats now Microsoft in Market Cap, Revenue and Profits.

Microsoft's revenue growth cam from great Office 2010, Xbox and Kinect sales. Windows 7 still remains the fastest selling OS with 350 million licenses sold, but revenue is down 4% in that sector.

What does this mean?
Microsoft is tied still to the PC. Apples growth is driven by the iPhone and the iPad. Microsoft still does not have a Tablet OS and their Windows Phone 7 OS is far behind in market share. Microsoft is not hurting, but they really need to latch on to the growth in smartphone and tablet segments soon.

Comments

Share this Story

Follow Us
Follow I4U News on Twitter
Follow I4U News on Facebook

You Might Also Like

Read the Latest from I4U News

Comments

blog comments powered by Disqus Back to Top | Read the Latest Stories