Microsoft Surface now joins the elite $1 Billion Quarterly Club

Microsoft Surface has just joined the elite $1 billion quarterly club, by posting revenue of a whopping $1.1 billion in the last quarter of 2014. The company has disclosed its financial report on Monday and stated that compared to the sales posted in the same period last year Surface’s revenue grew to a decent 24%, as sales of the Surface 3 and accessories has grown dramatically.

In the third quarter of 2014 Microsoft reported that the Surface yielded $908 million in revenues, good enough but it is way below Apple’s iPad sales which is $5.3 billion.

Microsoft has also disclosed that Lumia smarpthone generated sales of 10.5 million in the fourth quarter of 2014 to set a new record for the company. Moreover, Microsoft also sold 6.6 million Xbox consoles, which prompted Microsoft to say “strong holiday performance,” though the sales plummeted from 7.4 million sales that was a year ago.

All in all, Microsoft has managed to rake in a profit of $0.71 per share on revenue of $26.5 billion, which jives with the analyst’s forecast for profits but better than the estimates for revenues of $26.3 billion.

The company’s stock skidded quite a bit by about 2 percent after hours trading shortly after the earnings report was announced.


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