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Microsoft takes income hit prior to Windows 8 launch

Joab Jackson | Oct. 19, 2012
Facing a sluggish PC market and deferring revenue from sales of its upcoming Windows 8 OS, Microsoft reported US$4.47 billion in net income for its first fiscal quarter of 2013, a 22 percent decline from the same period a year earlier.

Online Services enjoyed a 9 percent increase in revenue, to $697 million, thanks to ad revenue in search. The Entertainment and Devices Division, which manages the company's Xbox gaming and multimedia console, posted revenue of $1.95 billion, a decrease of 1 percent from the same period in the prior year.


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