- 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 >>>