Microsoft posted the third quarter of its 2020 financial results at present, and all eyes are on the early influence of the continuing coronavirus pandemic. The corporate is reporting income of $35 billion and internet revenue of $10.eight billion. Income is up 15 p.c, and internet revenue jumped 22 p.c, and Microsoft says “COVID-19 had minimal internet influence on the whole firm income.”

Microsoft does notice that within the closing weeks of the quarter, ended March 31st, “there was a slowdown in transactional licensing, notably in small and medium companies, and a discount in promoting spend in LinkedIn.”

Microsoft’s Floor Laptop computer 3.
Picture by Amelia Holowaty Krales / The Verge

It seems there’s an elevated demand for Home windows PCs throughout the pandemic. Home windows OEM Professional income grew by 5 p.c because of “elevated demand to help distant work and study situations.” A few of this demand improve was offset by provide points in China, although. Non-pro income declined by 10 p.c, although, as Microsoft continues to see robust competitors for decrease priced gadgets and provide constraints in China.

Talking of PCs, Microsoft’s Floor revenues solely elevated 1 p.c this quarter, doubtless as a result of the corporate hasn’t launched any new Floor merchandise throughout the current quarter. Microsoft has been promoting its up to date Floor Professional 7, Floor Laptop computer 3, and the brand new Floor Professional X for round six months now, although.

We’re now anticipating Microsoft to unveil new Floor Ebook Three and Floor Go 2 gadgets subsequent month, and rumors additionally recommend the corporate is able to launch its Floor Buds and doubtlessly an replace to the Floor Dock. Microsoft has not but introduced any Floor {hardware} occasion for Could, however given the pandemic any {hardware} unveils can be on-line both approach.

Microsoft remains to be persevering with work on its Floor Duo Android {hardware}, and we’re anticipating to listen to extra about plans for this machine on the digital Construct developer convention subsequent month. Microsoft’s different dual-screen machine, the Floor Neo, has reportedly been delayed so we’re now not anticipating to see that machine in 2020.

Xbox Sequence X.
Picture: Microsoft

Xbox and gaming had been each robust for Microsoft this time final yr, and up to date studies have advised console spending has elevated throughout the pandemic. Microsoft says total gaming income declined 1 p.c this quarter, with Xbox content material and companies rising by simply 2 p.c regardless of elevated engagement throughout stay-at-home orders.

Microsoft is anticipated to additional element its plans for the Xbox One X within the coming weeks, together with unveiling some video games that can be accessible on the console. The corporate revealed its full Xbox Sequence X specs final month, together with a 12 teraflop GPU, 16GB of reminiscence, and particular 1TB growth playing cards.

Growing…

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