Microsoft Windows Phone hardware revenue falls to a mere $5 million

Posted on Friday, Apr 28 2017 @ 11:25 CEST by Thomas De Maesschalck
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Big companies often shelve out billions of dollars to acquire other companies but in many cases these buyouts don't work out as expected. Several years ago, Microsoft hoped the $7.2 billion acquisition of Nokia's phone assets would help it to reinvigorate the Windows Phone brand, but today it's clear there's nothing left of Microsoft's phone unit.

Neowin analyzed Microsoft's first-quarter financial results and points out that the company's phone hardware revenue has collapsed to a measly $5 million, down from around $1.4 billion two years earlier.
Today, as Microsoft published its earnings report for Q3 FY2017, it revealed that its "Phone revenue declined $730 million". Based on its earlier financial disclosures, that means the company's phone hardware revenue fell to just $5 million for the entire quarter ending March 31, 2017.

During Microsoft's earnings call today, its chief financial officer, Amy Hood, acknowledged this, stating that there was "no material phone revenue this quarter". The outlook for the next few months is similarly bleak, as Hood predicted "negligible revenue from Phone" in the coming quarter.
Overall, not really a surprised as Microsoft has all but abandoned its Lumia phone lineup.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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