Microsoft’s Windows to miss revenue estimate on coronavirus impact

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Microsoft’s Windows to miss revenue estimate on coronavirus impact

On Wednesday, the 26th of February 2020, Microsoft Corp., the Redmond, Washington-based American multinational tech tycoon that shifted its focus more on to its cloud computing arm, Microsoft Azure since 2014 under the helm of Chief Executive Satya Nadella said that the American software manufacturer would unlikely to meet its quarterly revenue estimate for Windows alongside personal computer business due to a fast-spreading coronavirus outbreak across the globe, eventually pulling the Silicon Valley’s glittering Goliath’s shares’ prices down by 2.10 per cent to $166.40 per share in after-market trading after wrapping up the day 1.25 per cent higher to $170.17 a share.

Aside from that, adding that the remaining estimates for its fiscal Q3 that would be ended on March 31st would remain unchanged, the company said in a statement on Wednesday (February 26th), “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.

” More significantly, Microsoft Corp. has been the second trillion-dollar company to trim its quarterly outlook following a global-scale spread of China’s Wuhan coronavirus outbreak as the Cupertino-based iPhone maker, Apple Inc.

had declared earlier this month that it would not be able to reach its quarterly sales forecast due to an en masse supply chain disruption stemmed off the coronavirus outbreak.