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Surface RT Flop Costs Microsoft Nearly $1 Billion

Microsoft has revealed that poor sales of its Surface RT tablet computer will cost it $900 million -- making a significant dent in the company's quarterly profits. Earlier this week Microsoft revealed price cuts across the full range of its Surface ... RT devices. That's the type of Surface running Windows RT, a special, slimmed-down version of Windows 8. Microsoft has now published its accounts for the three months ending in June and has included a $900 million writedown for Surface RT "inventory adjustments." (Source: cnet.com ) A writedown is where a company decides one of its assets -- in ... (view more)

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