Friday, January 28, 2011

GreenBkk.com Tech | Microsoft profits flat despite strong Kinect sales

Microsoft profits flat despite strong Kinect sales

Microsoft had already said it had sold 8 million Kinect controllers

Microsoft's profits for the last three months of 2010 were barely changed, despite the popularity of its Kinect controller and strong sales of Office 2010 to businesses.

Net income was $6.63bn (£4.18bn), down from $6.66bn in 2009.

Sales in the Windows division fell 30% because of the launch of Windows 7 in the corresponding quarter of 2009.

The results were better than expected, as analysts had predicted weak PC sales would hit Microsoft harder.

The company's results leaked an hour before they were due to be released and its shares ended the day up 0.3%.

A company called Selerity sent the information to some investors and later claimed it had found the report early because Microsoft uses a similar web address for earnings every quarter.

As a result, Microsoft released its earnings a few minutes before the market closed.

Credit: BBC (www.bbc.co.uk)

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