Microsoft Corp., was expected report a drop in earnings on Thursday, because the number of personal computers it is selling is lower than expected and Apple's iPad has grown in popularity, according to media reports.
Microsoft is expected to report second-quarter profit of 68 cents per share, Reuters reported today. That is lower than the 74 cents per share that Microsoft reported in the prior year.
Microsoft’s sales were expected to increase slightly from $19 billion a year ago to $19.15 billion. The numbers were increased by sales of the Kinect gaming system, which sold eight million units over the winter holiday shopping season, above Microsoft's expected volume of 5 million units.
PC sales increased 3.1 percent in the last three months of 2010, Reuters reported, citing data from Gartner.
Still, Microsoft remains the world's largest software maker. It is found in over 90 percent of the world's computers.
Investors are growing increasing concerned whether Microsoft can outperform rivals in the mobile and tablet markets, according to Reuters.
Reuters also noted that shares of Microsoft stock dropped 2.4 percent in the last 12 months, whereas the tech-heavy Nasdaq saw a 24 percent increase.
Microsoft’s Windows 7 remains popular but sales numbers are not as high as a year ago, according to Reuters.
Steve Ballmer is in his 12th year as CEO of Microsoft.
Last week, Apple – now a Microsoft rival – reported a record $6 billion quarterly profit due in part to sales of iPhones and iPads over the winter holiday shopping season.
In other Microsoft company news, TechZone360 reported that the company filed a complaint to prevent TiVo from importing television set-top boxes. The complaint Microsoft sent to the U.S. International Trade Commission accuses TiVo of infringing on four Microsoft patents.
Want to learn more about the latest in communications & technology? Then be sure to attend ITEXPO East 2011, taking place Feb 2-4, 2011, in Miami. ITEXPO offers an educational program to help corporate decision makers select the right IP-based voice, video, fax and unified communications solutions to improve their operations. It's also where service providers learn how to profitably roll out the services their subscribers are clamoring for – and where resellers can learn about new growth opportunities. To register, click here.
When the WannaCry ransomware attacked companies all over the world in 2017, experts soon realized it was meant to be stopped by regular updating. Even…
TMC recently announced the launch of three new artificial intelligence events under the banner of The New Intelligence. I recently spoke with TMC's Ex…
Organizations must align internally to achieve effective innovation. Companies should consider creating cross-functional teams or, at a minimum, incre…
The three events that are part of The New Intelligence are all about how businesses and service providers, and their customers, can benefit from artif…
TMC announced the launch of The New Intelligence conference and expo - The Event Powering the AI Revolution. This exciting new event will take place o…