Microsoft has just posted its first loss in history. But its not all doom and gloom just yet. Microsoft hasn't had the best few years anyway recently, but its business is extremely huge and there are a lot of users out there who are Microsoft's clients.
The loss, according to the AP, was caused by an accounting adjustment. In 2007, Microsoft bought advertising business aQuantive and it turns out it was a bad deal so Microsoft decreased the value of its asets by $6.2 billion to address the botched deal, pushing its numbers into the red for the quarter, which is $473 million losses.
Without the write-off, Microsoft earned 73 cents per share, which actually beat analyst expectations. Accounting shifts are common, but as for losses, don't expect to see Microsoft in the red anymore when WP8 comes out. Hopefully. [AP via MSNBC]