Microsoft has announced earnings for the financial year Q3 2016, in which it reported $20.5 billion in revenue and $3.8 billion in net income. Surface revenues are up again, which is $1.1 billion for the quarter, up 61% from the same quarter last year. Phone revenue continues to decline, which is down 46% YoY. Microsoft sold only 2.3 million Lumia devices in the quarter, compared to 8.6 million in the same period last year, a massive 73% drop. Continue reading “Microsoft Surface revenue up 61%, Lumia revenue declined 73% YoY in Q3 FY 2016”