Friday, October 19, 2012

Sign of the times: Microsoft's Profit Falls 22%



Microsoft Corp.'s quarterly earnings dropped 22% amid weak demand for personal computers and slowing growth for its once-strong business software, underscoring the stakes for the company to successfully launch its dramatically overhauled Windows operating system next week…..

The software company, whose technology has long been used in most personal computers, has largely stayed on the sidelines as consumer spending shifted to smartphones and tablets. The trend has contributed to slowing sales of PCs, as has anticipation for new hardware that runs the company's new operating software due out Oct. 26…………………………………………………………………………………………………………………………………

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