sincity Posted July 31, 2013 Posted July 31, 2013 Microsoft positioned its Surface as a competitor to Apple's iPad and if that is indeed the case, Microsoft has failed miserably. In documents filed with the Securities and Exchange commission on Tuesday, Microsoft stated that it earned $853 million in revenue from Surface sales during the fiscal year ended on June 30th, 2013. That figure doesn't include the $900 million write-down it took or the hefty marketing and advertising expenses, so Microsoft has clearly lost a substantial amount of money on its Surface bet so far — the Surface is officially a flop. Continue reading... View the full article Quote
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