Latest Business News: Microsoft's Windows Revenue Fall

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Latest Business News: Microsoft's Windows Revenue Fall

Latest Business News: Microsoft's Windows Revenue Fall
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Latest Business News: Microsoft's Windows Revenue Fall

by Wochit 1:03 mins

In addition to the news that the Surface line of tablets brought in a lower-than-expected $853 million in fiscal-year revenue, Microsoft explained its declining incomes from the sale of Windows to original equipment manufacturers. Microsoft Corp's Surface tablets have yet to make any profit as sputtering sales have been eclipsed by advertising costs and an accounting charge, according to the software company's annual report. The two tablet models, introduced in October and February to challenge Apple Inc's popular iPad, have so far brought in revenue of $853 million. The city of Richmond, California, said it will use its power of eminent domain, if necessary, to seize "underwater" mortgage loans to keep its residents in their homes, becoming the first U.S. municipality to adopt such an approach.

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