Microsoft Has Its First Quarterly Loss Ever, Expected to go Third Party Within Days
Micosoft used to be the unstoppable juggernaut of the tech industry. Their Windows OS and Microsoft Office Suite have nearly become standard. That is, until the compay announced some terrible news.
Microsoft, the once-dominant computer software giant that has seen its fortunes wane in recent years, posted its first quarterly loss since emerging as a public company in 1986 Thursday as it took a huge charge for a failed acquisition.
The Redmond, Wash.-based company reported a net loss of $492 million as its operating income was wiped out by a $6.2 billion writedown related to its acquisition of advertising company aQuantive in 2007. Microsoft wrote down almost the entire $6.3 billion purchase price.
Basically, Microsoft’s only reasonable option at this point is to go third party. Some might say this is premature, but consider that since Microsoft’s steep decline, Apple has gone on top invent black rectangles with touch screens, black shapes of any kind, sliding to unlock, clicking on links withthe links opening afterward, smartphones, profits, money, and penicillin.
iPods practically created the MP3 player market, leaving Zune to die in irrelevance. iPhones and iPads will soon do the same to Windows Phone and Microsoft Surface tablets.
This is a sad day for the non-Apple tech world. Beloved programs like Outlook and Powerpoint will slowlybe phased out. Businesses cannot afford touse products of a company with as shaky a foundation as Microsoft.