Surface, Xbox Supply ‘Negatively Impacted’ by China Shutdowns: Microsoft
Microsoft expects $14.65 billion to $14.95 billion in revenue for fiscal Q4 ending June 30, which at the high end of the guidance would mean about a 3% sequential increase from fiscal Q3, said Chief Financial Officer Amy Hood on…
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a Tuesday earnings call. “Our guidance reflects the current constraints from the shutdowns in China, which have negatively impacted Q4 supply” of Surface laptops and Xbox consoles, she said. “Extended production shutdowns that reach into May would further negatively impact our outlook.” Microsoft estimates it will take about a $110 million Q4 revenue hit from the war in Ukraine, said the CFO.