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Microsoft says it won’t meet its sales forecast for the upcoming quarter due to the impacts of coronavirus (MSFT)

Nadella

  • Microsoft said it will fall short of its sales forecast for the upcoming quarter due to the continued spread of coronavirus.
  • The “uncertainty related to the public health situation in China” has impacted Microsoft’s Windows and Surface hardware businesses, Microsoft said.
  • The forecasts for other parts of Microsoft’s business are unchanged. Microsoft shares were down around 2 percent in after-hours trading following the announcement to around $167 per share.
  • Meanwhile, Microsoft could be to move at least production of its Surface devices out of China due to the virus, according to a report from Nikkei Asian Review citing unnamed sources. Microsoft declined read more >>>

    Source:: BusinessInsider.Com