News Snapshot:
Microsoft is taking a conservative approach to ongoing lockdowns in China, which threaten to exacerbate instability in the existing PC supply chain that has persisted throughout the pandemic. But company executives have sounded the alarm that these new shutdowns will affect sales of PCs and consoles. In its earnings report for the first calendar quarter of 2022, Microsoft said its More Personal Computing division generated $14.5 billion in revenue, up 11% from the same period a year ago. Microsoft Surface revenue increased 13 percent. Overall, Microsoft posted a net income of $16.73 billion (up 8 percent year-over-year) on revenue of...
