Microsoft falls behind Apple for first time in 20 years but games buoy results

Microsoft’s quarterly profits and revenues were eclipsed for the first time in 20 years by Apple as a slowdown in the PC business and continuing huge losses in its search division held it back.Though the company reported net income up 30% to $5.2bn (£3.1bn) from $4bn, and revenues up 13% to $16.4bn from $14.5bn, both were smaller than figures released by Apple last week showing $6bn profits on revenues of $24.7bn. see:PC Sales Off, Games Buoy Microsoft
Microsoft, once the dominant technology company, saw revenue from its core operating system software slip in the first three months of the year as consumers begin to shift to buying tablet computers that do not run on Microsoft software.While Microsoft reported Thursday that its fiscal third-quarter profits were up 31 percent, revenue from the division that includes the Windows operating system fell 4 percent, to $4.45 billion.

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