Connect with us

Hi, what are you looking for?

Fibonacci Tech News

Microsoft’s Surface devices down again in Q2 earnings as Xbox picks up Activision revenue

Illustration by Alex Castro / The Verge

Microsoft just posted the second quarter of its 2024 fiscal financial results. The software maker made $62 billion in revenue and a net income of $21.9 billion during Q2. Revenue is up 18 percent, and net income has increased by 33 percent.

This is the first quarter Microsoft is reporting earnings as a $3 trillion company and also the first time the company has reported additional revenue from its Activision Blizzard acquisition. While Office and cloud revenue remain strong, devices revenue from Surface sales has continued to decline this quarter, with Windows bouncing back after a slow period for the PC market.

Photo by Amelia Holowaty Krales / The Verge The Surface Laptop Studio 2.

Microsoft did warn that…

Continue reading…

You May Also Like

Fibonacci Stock News

In the previous technical note, it was categorically mentioned that while the markets may attempt to inch higher, they may not form anything beyond...

Fibonacci Investing News

Chris Edwards Many American cities need more low‐​income housing, but governments reduce supply and raise construction costs with regulations, taxes, and bureaucracy. The Wall...

Fibonacci Tech News

Illustration by Alex Castro / The Verge The question of who gets to regulate crypto has some answers, as a judge has ruled the...

Fibonacci Tech News

Image: Brazil Climate Summit At the moment I arrived at the Brazil Climate Summit event, it felt like home to me. As I opened...