Tech Companies News Byte: The 'irrelevance of Microsoft' Illustrated in a Single Chart

Wochit 1:47 mins

Microsoft has long been the leader when it comes to personal computing, but the advent of mobile marked a major paradigm shift that Microsoft still hasn't gotten a grasp on. Microsoft still dominates the PC market by a staggering margin; Windows currently powers 91.5% of all PCs currently in use, according to Net Applications' June data. But there's a huge problem: The PC market isn't where the growth or profits are anymore when it comes to connected devices. In a recent post on his blog titled "The irrelevance of Microsoft," mobile analyst Benedict Evans shared a few charts that help illustrate why Microsoft is facing such a huge conundrum right now. It's taken years of fits and starts, but Americans will finally be able to buy first-generation big-screen OLED TVs very soon. The Samsung KN55S9, a 55-inch OLED TV with a slightly curved screen, will be available at select dealers in the U.S. as early as this week. Stock index futures pared gains to trade flat, pressured by a decline in McDonald's shares after its results and as investors booked profits after the S&P 500 index hit yet another closing high on Friday. McDonald's Corp earnings came in a busy week of reports, with about one-third of S&P 500 companies due to report, including Apple and entertainment provider Netflix Inc . McDonald's Corp reported a 4 percent rise in quarterly profit, while global sales at established restaurants were in line with analysts' expectations. Shares fell 2 percent to $97.

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