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Surface tablets continue to be a money loser for Microsoft

Microsoft Surface tablets lose big money for the software giant in fiscal 2014 (NASDAQ:MSFT)

| Business, Financial & Legal News | Posted: Aug 6, 2014 4:03 pm

Things are continuing to look bleak for Microsoft and its surface tablet business. Microsoft lost money again on surface tablets in its recently wrapped fiscal 2014 year with losses totaling $1.7 billion. Microsoft announced that its Surface revenue was $409 million for the quarter ending June 30.

 

TweakTown image news/3/9/39512_7_surface_tablets_continue_to_be_a_money_loser_for_microsoft.jpg

 

However, Microsoft failed to announce a crucial piece of information, the cost of the revenue for Surface needed to figure out profit. However, data was given that allows analysts to estimate the costs for Surface. Computerworld figures that Microsoft's Surface costs for the quarter that ended in June were $772 million.

 

That means a loss of $363 million in the quarter for Surface. Some of the money in the cost of revenue calculation was from a write-off to cover the cost of designing and producing an unspecified number of Surface Mini tablets. Microsoft reportedly produced a Surface mini and decided at the last minute to not release the tablet. The number shows that Microsoft lost a total of $676 million for fiscal 2014.

NEWS SOURCES:Computerworld.com

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