Microsoft reported its earnings for the fourth quarter of 2015, and things don’t look good after the company had to write off its $7.6 billion Nokia purchase earlier this year. Because of this Microsoft’s losses were set at $2.1 billion for the quarter, excluding the write off it did earn a profit of $6.4 billion on its £22.2 billion in revenue however.
In its report Microsoft did also note that revenue from Windows OEMs had declined by 22 per cent for the quarter, something which is due to them cutting support for Windows XP.
The Surface line did grow by 117 per cent however, with $888 million in revenue made from sales of the Surface Pro 3 and the Surface Pro. Microsoft’s smartphone business also grew by 10 per cent year over year to 8.4 million units, but revenue did decline by 68 per cent due to lower selling prices.
The Xbox division sales went up by 30 per cent to 1.4 million for the quarter, and Microsoft Office 365 subscribers increased to 15 million, which is about 2 million up year over year.
As of yet that is all we can report, but Microsoft will be hosting a call for investors at 5:30PM ET today, so if anything comes from that we will update you.
In the meantime you can check out the chart below for a visualisation of Microsoft’s earnings through the years.