Microsoft’s Surface Revenue Drops By $285M (26%)

An anonymous reader quotes Computerworld:
Revenue generated by Microsoft’s Surface hardware during the March quarter was down 26% from the same period the year before, the company said yesterday as it briefed Wall Street. For the quarter, Surface produced $831 million, some $285 million less than the March quarter of 2016, for the largest year-over-year dollar decline ever… The revenue decline “indicates that the aging product needs a refresh badly,” Jack Gold, principal analyst at J. Gold Associates, wrote in a note to clients today. “Price cutting and competing vendors’ products will continue to create declines until new product is released, rumored for later this year.” Microsoft threw cold water on any significant changes to the Surface line before June, forecasting that the current quarter will also post a revenue decline.


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