Microsoft's shares takes biggest hit since 2000, dropping 10% in today's trading.
Microsft reported Q3 profits that missed Wall Street expectations and the company lowered its earnings guidance.
Looks like the analysts thought that Microsoft will make more revenue when the new Vista and Office products hit the market then Microsoft is expecting.
The Microsoft Home and Entertainment division which includes the Xbox had a loss of 388 million USD.
Microsoft says that they have shipped 3.2 million Xbox 360 consoles already and expect now to hit 5 to 5.5 million consoles by June.
Microsoft's former goal was 4.5-5 million. Microsoft's Steve Ballmer said the other day at an event in London that Innovation is key to Microsoft success, that is why investment in R&D is up again.
More details on Market Watch and on Gamesindustry.
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