TweakTown
Tech content trusted by users in North America and around the world
5,676 Reviews & Articles | 36,072 News Posts
Weekly Giveaway: Fractal Design Arc Cases Contest (Global Entry!)

Microsoft's Surface RT tablet sees the company with a $900 million write-down for the poor performing tablet

Microsoft's financials point to Surface RT write-down of $900 million

| Business, Financial & Legal News | Posted: Jul 22, 2013 9:25 am

It looks like Microsoft haven't had a good run with their Surface RT tablets according to their quarterly and full-year financial results. Microsoft have just finished their fourth financial quarter, where they saw revenues of $19.9 billion and an operating profit of just over $6 billion for the three-month period.

 

TweakTown image news/3/1/31846_01_microsoft_s_surface_rt_tablet_sees_the_company_with_a_900_million_write_down_for_the_poor_performing_tablet.png

 

Just how bad was the Surface RT for Microsoft? Well, the Redmond-based giant included a $900 million write-down to pay for the slate, that's how bad. In the first paragraph of their latest financial report, Microsoft says: "These financial results include a $900 million charge, or a $0.07 per share impact, related to Surface RT inventory adjustments."

 

Microsoft really missed the mark when it came to predicting consumers' purchasing habits on the Surface RT, with many estimating that Microsoft made as many as six million Surface RT's. Obviously a bunch of these didn't sell, at all, but according to Brian Hall, the General Manager of Surface marketing, "Microsoft is 100 percent committed to Surface RT and Windows RT going forward and has no plans to drop work on either product."

NEWS SOURCE
Hexus.net

Related Tags

Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts

Latest Downloads

View More Latest Downloads

TweakTown Web Poll

Question: Did EA kill the Battlefield franchise with the terrible BF4 issues?

Yes, Battlefield is doomed

No, Battlefield will live on strong

I'm not sure, but I know EA needs to improve its game

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases
Get TweakTown updates via Facebook!
Just click the "Like" button below