By NBC News wire services
Microsoft says its net income fell a greater-than-expected?22 percent in the latest quarter as shoppers held off for Windows 8, which launches next week.?
The software company's net income was $4.47 billion, or 53 cents per share. That was down 22 percent from $5.7 billion, or 68 cents per share, a year ago.?
Sales fell 8 percent to $16.01 billion, partly caused by the dip in demand for personal computers running Windows, as consumers held off new purchases in the tight economy or opted to buy tablet devices instead. The decline was exaggerated by Microsoft's deferral of some revenue which it will regain next quarter.?
Analysts, anticipating the dip in PC sales and accounting for the deferred revenue, had called for sales of 16.4 billion. Microsoft is hoping to revive PC sales next week with the launch its new Windows 8 system on Friday.?
"Investors were not expecting a home run. All expectations are on the launch of Windows 8 and the entrance into the tablet market," said Daniel Ives, analyst at FBR Capital Markets. "In light of the environment, the macro and PC situation, these are respectable numbers."
Microsoft shares fell 2 percent in after-hours trading.?
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