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.Overall, not really a surprised as Microsoft has all but abandoned its Lumia phone lineup.
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.