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Friday, April 24, 2009

Microsoft Suffers First Sales Dip in History

Microsoft reported its first ever sales decline in 23 years as a public company. Representatives for the corporation said sales had fallen 6% in the first quarter of 2009, prompting the company to look at ways to cut costs. In January, Microsoft said it will be trimming 5000 positions in coming months, including 1400 immediately.

Sales slipped to a mere $13.65bn, with profits dropping by 32%. Microsoft blames the economy for the loss of profits, but the European Commission announced this January that it is once again considering regulations on the company for unfair business practices.

© C Harris Lynn, 2009

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