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Microsoft net falls below Apple's as iPad eats into sales

Microsoft's sales slumped last quarter as the iPad crimped demand for consumer laptops, thus software maker reported a smaller quarterly profit than Apple.

Bloomberg|
Updated: Apr 30, 2011, 01.20 AM IST
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SEATTLE: Microsoft's Windows sales slumped last quarter as the iPad crimped demand for consumer laptops, marking the first time in 20 years that the software maker reported a smaller quarterly profit than Apple.

Revenue in Microsoft's Windows division fell 4.4% to $4.45 billion, the Redmond-based company said on Thursday in a statement. Net income was $5.23 billion, eclipsed by the $5.99 billion reported by Apple last quarter.

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