CHART OF THE DAY: Microsoft's Big Problem In One Chart
Jul 20, 2013, 01:45 IST
Microsoft's stock was clobbered today, falling 11.4%.
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The most obvious reason for the decline: The collapse of the PC industry has finally hit Microsoft's earnings.
Windows operating income fell by over 50% on a year-over-year basis. It took a $900 million charge for inventory of its Surface RT tablet. Its CFO admitted that it's going to take a while for tablet sales to offset the decline of the PC.
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Few charts illustrate what's happening to the PC market, and thus, what's happening to Microsoft, better than this one from Horace Dediu, independent analyst/blogger at Asymco.
Microsoft's monopoly over our computing is dead.
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Combined iOS/Android unit sales are outpacing PC sales 2.6 to 1.
