Microsoft has admitted that he poor performance of its Surface RT line of tablets has cost the company $900 million.
The figure came as part of Microsoft***8217;s investor call last night, during which the company confirmed that the division that includes Xbox rose 8% last year.
CVG reports that lacklustre sales of Surface RT and the loss announcement caused Microsoft***8217;s shares to dip 7%. The site added that some four million Surface RT tablets are believed to be manufactured by the company, with only a quarter sold since launch.
During the investor call, Microsoft***8217;s chief financial officer Amy Hood said: ***8220;We know we must do better. We are confident we are moving in the right direction***8221;.
The news follows a confirmed Surface RT price cut. Get the new prices here.
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The figure came as part of Microsoft***8217;s investor call last night, during which the company confirmed that the division that includes Xbox rose 8% last year.
CVG reports that lacklustre sales of Surface RT and the loss announcement caused Microsoft***8217;s shares to dip 7%. The site added that some four million Surface RT tablets are believed to be manufactured by the company, with only a quarter sold since launch.
During the investor call, Microsoft***8217;s chief financial officer Amy Hood said: ***8220;We know we must do better. We are confident we are moving in the right direction***8221;.
The news follows a confirmed Surface RT price cut. Get the new prices here.
More...
