xbox console

Last quarter Microsoft profits were up an impressive 19 per cent when compared to the same period last year. However, the company can credit Office software and the Xbox 360, not Windows 8, for that bump. While Microsoft's Windows division showed ... increases in revenue and profits, The Wall Street Journal notes this income was actually earned in the past, with its reporting deferred for accounting purposes. This involved software that allowed the user to receive a free or reduced-price upgrade at a later date. Microsoft chose to not list the full revenue in its accounts at the time of purchase ... (view more)