Microsoft's Q3 2016: Surface up and Windows Phone down again

Microsoft has published its Q3 fiscal 2016 earnings report, and the company has made $3.8 billion in net income on $20.5 billion in revenue. Both revenue and profit is down from the same period last year, but the company's services and cloud products continue to help generate new revenue.

Surface-related revenue is up to $1.1 billion this quarter, an increase of 61 percent from the same period last year. Both the Surface Pro 4 and Surface Book helped push sales, but as always Microsoft is keeping the exact number of devices a secret. Microsoft's phone woes continue this quarter. Microsoft only sold 2.3 million Lumia devices Q3, a massive 73 percent drop from the 8.6 million in the same period last year. As a result, Microsoft's revenue...

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