Microsoft Surface sales are tanking, Microsoft says

Microsoft Surface Laptop 5 - trackpad
With soaring cloud revenues, plunging Windows and device revenues, and a few days into a substantial layoff, Microsoft’s first-quarter results feel a bit like a quote from Dickens. The best of times: “The next major wave of computing is being born,” as Microsoft reported 31 percent revenue growth in its Intelligent Cloud business, a day after Microsoft invested again in OpenAI and its chat service, ChatGPT. (ChatGPT will run on top of Microsoft’s Azure cloud.) The worst of times: Windows OEM revenue sank 39 percent, thanks to a tanking PC market; Microsoft’s Devices (Surface) revenue fell the same amount, thanks to issues launching products, reduced demand, and success a year ago. In the end, it all sort of came out in the wash, however, with net income down 12 percent to $16.4 billion and revenue sinking 2 percent to $52.7...