
What a nice way to top off an already big week.
Posting first-quarter financials before market opening this morning, Microsoft said it earned 40 cents a share on revenue of $12.92 billion, besting analyst estimates that had called for a profit of 32 cents a share and revenue of $12.4 billion.
Nonetheless, the software giant still saw both profits and revenue decline for the third quarter in a row.
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Apple and Microsoft have long competed for market space. And soon they’ll be competing for retail space as well. In remarks at Microsoft’s Worldwide Partner Conference today, COO Kevin Turner said Microsoft has settled on a location for the retail stores it announced earlier this year: Right next to Apple’s stores. There goes the neighborhood, right?
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In a month when some 533,000 jobs were lost nationwide, Americans bought an astonishing amount of videogame paraphernalia–$2.91 billion worth, according to market research outfit NPD Group. That’s a 10 percent increase over November 2007. Said NPD analyst Anita Frazier, “With $16 billion realized for the year so far through November, the industry is still on pace to achieve total year revenue of $22 billion in the U.S.”
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Since John Paczkowski is still out of range, Beth Callaghan will post Digital Daily today.
Reuters/Hollywood Reporter reports that Microsoft execs have been talking to talent agencies all over Hollywood with the intent of building an exclusive body of original content for the company’s Zune player. Not just standard sitcom fare, either–Zune’s recent update of firmware for the device provides better social functionality, and Microsoft sees this as a move toward the kind of communal functionality pioneered by the XBox multiplayer experience.
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Turns out the hyperbolic press release with which Apple announced the iPhone 3G’s first sales numbers today may have been more of an understatement than overstatement. Because iPhone 3G’s stunning opening weekend may go down in the books as the largest consumer electronics launch ever.
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Just a few hours after Microsoft Chairman Bill Gates called for a “creative capitalism,” the company he founded proved that old-school capitalism is alive and well.
Microsoft reported an impressive second quarter, blowing the doors off Wall Street expectations and offering some optimistic guidance for 2008.
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Tonight, tech’s highest roller gave what may have been his final Vegas performance. Sadly, it was far from his most memorable. All glitz and very little glory–certainly not the sort of glory befitting such an iconic figure. In the end, the memory of the event that lingers longest is not Gates reflecting on his storied [...]
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Viacom has a new online advertising partner and–big surprise–it’s not Google. It’s Microsoft.
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Turns out that the “social graph” about which Facebook CEO Mark Zuckerberg so often speaks these days isn’t just a decades-old computer science term, it’s the basis for the monetization platform that will someday justify Facebook’s $15 billion valuation. Or so the theory goes.
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Though a public high school’s outdoor amphitheater might seem an unlikely location for Microsoft’s event at this year’s E3 Media Summit in Santa Monica, Calif., it was particularly apt given the schoolyard beating the company’s taken in the gaming market recently. Microsoft’s Xbox 360 strategy has been generally unimpressive and, in some cases, disastrous thus [...]
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Microsoft choked down a big plate of crow this morning, acknowledging widespread reports of Xbox 360 failures and offering full repairs for the most widely reported console malfunction, the so-called red ring of death.
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