Microsoft contributed another data point to that trend today, with fourth-quarter 2023 financial results that showed modest growth (revenue up 8 percent year over year, from $51.9 billion to $56.2 billion), but no thanks to its consumer software and hardware businesses. Companies like Intel, AMD, and Nvidia have all reported big drops in revenue from the hardware that they sell to consumers (though the hardware they sell to other businesses is often doing better). It has been a tough year for PC companies and companies that make PC components.
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