Microsoft says COVID-19 outbreak will hamper Surface, More Personal Computing unit

Microsoft says COVID-19 outbreak will hamper Surface, More Personal Computing unit 1

Microsoft said that its more personal computing unit, Surface and Windows OEM revenue will miss targets as China’s supply chain “is returning to normal operations at a slower pace than anticipated” due to the coronavirus.

The company is joining much of the tech sector in taking down its current quarter guidance due to the coronavirus, which is hampering the supply chain on many fronts. Jabil, a major contract equipment manufacturer, said on Tuesday that its results would fall short of expectations.

Microsoft said it provided a wide revenue range of $10.75 billion and $11.15 billion when it reported its second quarter earnings due to coronavirus, but revenue for Surface is going to come in lower.

According to Microsoft:

Although we see strong Windows demand in line with our expectations, the supply chain is returning to normal operations at a slower pace than anticipated at the time of our Q2 earnings call. As a result, for the third quarter of fiscal year 2020, we do not expect to meet our More Personal Computing segment guidance as Windows OEM and Surface are more negatively impacted than previously anticipated. All other components of our Q3 guidance remain unchanged.

Fortunately for Microsoft, the company’s bottom and top lines are increasingly driven by Office and its commercial cloud revenue, which includes Azure.

The company added that its top priority is the health and safety of its employees. “As the conditions evolve, Microsoft will act to ensure the health and safety of our employees, customers, and partners during this difficult period,” the company said.  

About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Millions in Cryptocurrency Stolen by Scammers in the Last Month According to Tenable Research
November 24, 2021
Behind The Scenes: How this Crypto Community Responded to + $50m Hack
October 18, 2021
Crypto Scams
Crypto Scams Still Persistent In 2021, SEC Warns About Red Flags To Watch
September 9, 2021
Poly Network
Here’s How Hackers Stole Over $600 million in the Poly Network Attack
August 12, 2021
The World’s Most Infamous Crypto Hacks and Scams
July 31, 2021

Blockchain/Cryptocurrency Questions and Answers

How Does Bitcoin Casino Work + 2021 Beginner’s Guide
November 8, 2021
How to Buy and Sell Cryptocurrency
November 8, 2021
What Are Bitcoin Futures And How Will They Work In 2022?
November 4, 2021
The Unconventional Guide to Ethereum
October 28, 2021
ICo Presale
The Science Behind ICO Presales…
October 14, 2021

CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin37,181 1.31 % 8.35 % 12.10 %
Ethereum2,454.0 0.49 % 9.46 % 23.71 %
Tether1.000 0.04 % 0.33 % 0.19 %
Binance Coin375.45 0.72 % 7.71 % 21.19 %
USD Coin1.000 0.17 % 0.34 % 0.07 %
Cardano1.050 1.25 % 5.33 % 33.93 %
Solana94.48 0.30 % 11.95 % 32.54 %
XRP0.6103 0.81 % 6.22 % 20.20 %
Terra65.10 1.04 % 1.03 % 15.80 %
Polkadot18.74 0.87 % 11.72 % 27.23 %

Bitcoin (BTC) $ 37,003.00
Ethereum (ETH) $ 2,448.51
Tether (USDT) $ 1.00
Binance Coin (BNB) $ 374.11
USD Coin (USDC) $ 1.00
Cardano (ADA) $ 1.05
Solana (SOL) $ 93.86
XRP (XRP) $ 0.609522
Terra (LUNA) $ 64.80
Polkadot (DOT) $ 18.69