Microsoft’s $900M Surface RT write-down: What happened?
Microsoft announced a $900 million “inventory adjustment” charge for its Surface RTs, parts and accessories on July 18. That write-down completely overshadowed the performance of the rest of the products and services that contributed to the company’s Q4 2013 earnings.
(Among those overshadowed was Office 365 — the Microsoft subscription service through which the company provides the Office client and hosted Office server apps. Office 365 is now on a $1.5 billion run rate, up from the $1 billion run rate it hit in Q3 FY2013. Another that got eclipsed: Windows Phone — plus
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