Microsoft Income Gains 6%, but Weak PC Sales Continue - NYTimes.com

Challenging times for Microsoft

This week, Apple’s chief executive, Timothy D. Cook, said he thought that the iPad was cannibalizing some sales of Macs, but that a “materially larger” number of iPad buyers were choosing the tablet device over a Windows PC. Apple sold 11.1 million iPads in its last quarter. “With cannibalization like this, I hope it continues,” Mr. Cook said.

Microsoft intends to tackle the threat from the iPad with a new version of Windows, known currently as Windows 8, that has been redesigned for the touch screens of tablet devices, but that product is not expected to appear for about a year.

Microsoft Income Gains 6%, but Weak PC Sales Continue - NYTimes.com