Has Microsoft’s tablet PC finally come of age? Earlier this week Microsoft said Surface revenue hit $1.1bn for the most recent quarter – up 24 percent year on year – driven by Surface Pro 3 and accessories. Microsoft CEO Satya Nadella said of the rise: “The value proposition of being the most productive tablet is resonating.”
The company revealed that the third version of the Surface, the two-in-one device first launched two years ago, is selling faster than previous versions. “Surface Pro 3 volumes are pacing over three times the rate of what we saw with Surface Pro 2,” said Microsoft CFO Amy Hood.
So can it be finally said that Surface is a success? It depends on which metrics you use.
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Following mixed reviews of its latest iPad line refresh last week, Apple kicked off the week with its fiscal fourth quarter earnings report, hitting all analyst targets.
The iPhone maker reported a net income of $7.5 billion, or $8.31 per share (statement). Non-GAAP earnings were $8.26 per share on a revenue of $37.5 billion.
Wall Street was looking for earnings of at least $7.93 on a revenue of $36.84 billion.
Apple shares were up slightly just before the closing bell rang on Monday.
Cupertino was quick to describe Q4 as a “record September quarter” with iPhone sales up by approximately 26 percent annually to 33.8 million units. That figure was undoubtedly helped by the the unveiling of the new iPhones 5C and 5S last month.
Nevertheless, even as iPad sales continue to grow, Mac figures demonstrate Apple is not immune to the PC industry woes either.
iPad sales were up slightly annually to 14.1 million units versus 14 million, while Mac sales were down from 4.9 million in the year-ago quarter to 4.6 million units this time around.
For the fiscal first quarter, Wall Street is banking big time on a combination …Read More