Friday, 24 March, 2023

Microsoft's $51.9B quarter includes decline in Xbox and Windows

<p>Microsoft released its fourth quarter financial results for 2022, reporting $51.9B in revenue and $16.7B in net income. Net income has only increased by 2% while revenue rose by 12%. The recent quarter saw a significant fall in the PC market of around 13%. The amount that PC manufacturers pay Microsoft to install Windows on their devices, or Windows OEM revenue, decreased by 2% in the fourth quarter. Surface revenue has increased 10% for Q4 on the commercial side.</p>