Four years for economic recovery?

Been a little while since I ranted about our Redmond friends. Earlier this year… Microsoft Corp. reported … a profit of 1.32 billion US dollars for its third fiscal quarter ended March 31, 2004, down 38 percent from the 2.14 billion dollars for same quarter a year earlier. Microsoft said its revenue for the third … Continue reading “Four years for economic recovery?”

Been a little while since I ranted about our Redmond friends.

Earlier this year…

Microsoft Corp. reported … a profit of 1.32 billion US dollars for its third fiscal quarter ended March 31, 2004, down 38 percent from the 2.14 billion dollars for same quarter a year earlier. Microsoft said its revenue for the third quarter increased to 9. 18 billion dollars, up 17 percent from the 7.84 billion dollars for the same period in the prior year.

Apple today announced financial results for its fiscal 2009 first quarter ended December 27, 2008. The Company posted record revenue of $10.17 billion and record net quarterly profit of $1.61 billion, or $1.78 per diluted share. These results compare to revenue of $9.6 billion and net quarterly profit of $1.58 billion, or $1.76 per diluted share, in the year-ago quarter. Gross margin was 34.7 percent, equal to the year-ago quarter.

So, last quarter Apple brought in more revenue than Microsoft and brought in more profit. Okay.

But Microsoft founder Bill Gates has told the BBC that it could take as much as four years for economies in trouble to return to positive growth.

What would he know??????

0 thoughts on “Four years for economic recovery?”

  1. I must be misunderstanding.. you’re comparing Microsoft revenue in 2004 and Apple revenue in 2008? I’m not sure I get the connection – go ahead, slap me.

  2. Fair point – I’d been provided the link. Microsoft revenue for last quarter was $16 billion.. I grabbed the wrong figures, the point was this:

    “Client revenue declined 8% as a result of PC market weakness and a continued shift to lower priced netbooks. … As part of this (cost reduction) plan, Microsoft will eliminate up to 5,000 jobs in R&D, marketing, sales, finance, legal, HR, and IT over the next 18 months”

    Microsoft are complaining people aren’t buying PCs. Apple seems not to be troubled.

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