Microsoft has revealed its results for the first quarter of its fiscal year 2015 (Q1 FY15), and it appears that the company is doing well, especially with regards to the quarterly sales of its Lumia smartphones.
For the quarter that ended on September 30th, the tech company has sold a total of 9.3 million units of its Lumia smartphones. This is definitely a significant improvement compared to the last quarter's figures, which only registered 5.8 million units sold. Q1 FY15's Lumia sales also trumped last year's results, which had a total handset sales of 8.8 million units. Compared to the previous year's first quarter, Lumia sales this quarter managed a 5.6 percent increase. Microsoft was quick to credit the growing market for Lumia phones in Europe as well as the increasing popularity of low-priced handsets in the world.
It seems that Microsoft's venture into more affordable Windows Phone-run smartphones are paying off. Indeed, in the year 2014 so far, the company has launched budget-friendly offerings like the Lumia 530, the Lumia 630, the Lumia 730, and the Lumia 830. Thanks to the company's focus on offering products with lower-cost specs, sales have been robust lately, most especially in European regions where non-pricey unlocked smartphones are more common than in the United States.
Apart from from disclosing its Lumia sales figures, Microsoft also reported tidbits regarding its Surface tablet offering. No, the company did not report any sales figures for its tablet, but it did reveal that the company had generated a revenue of $908 million out of Surface sales. That is a great jump compared to that of the same time last year, which managed only $400 million. According to Microsoft, the very healthy revenue numbers for its tablet is credited to the Surface Pro 3 tablet having garnered solid attention from businesses, professionals, and even students.
Overall, Microsoft has made $23.2 billion in total revenue, with a net income of $4.5 billion during the quarter. Also, Q1 FY15's revenue performance has definitely improved -- during the same period last year, the company managed $18.53 billion in total revenue. However, Q1 FY15's net income is down 14 percent compared to last year's ($5.24 billion). The dip in net income can be attributed to the restructuring and integration expenses (amounting to a little more than $1 billion) that Microsoft incurred following the acquisition of Nokia's smartphone segment.
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