Microsoft sales fall for first time in 23 years

Microsoft Corp. said Thursday that declining PC sales hurt revenue, as the software giant reported quarterly sales that fell for the first time in its 23-year history as a public company. The Redmond, Wash.-based company said sales fell 6% from a year earlier to $13.7 billion, missing analysts’ expectations of $14.1 billion. Meanwhile, the company’s net income fell 32% to $2.98 billion, or 33 cents per share, in its third quarter ended March 31. – from CNN