Microsoft Corp. (NASDAQ:MSFT) has joined its chip partner Intel Corp. (NASDAQ:INTC) in expressing optimism about the comeback of PCs after reporting the second consecutive quarter of growth for Windows revenue.
What Happened: Global PC shipments are making a comeback at a time when Microsoft is increasingly focusing on bringing AI at the front and center of its product lineup.
"PC market unit volumes continue at pre-pandemic levels," said Microsoft CFO Amy Hood, reiterating what CEO Satya Nadella said during the previous quarter's post-earnings conference call.
Microsoft reported a 9% increase in Windows OEM revenue – the revenue that the company earns directly from its original equipment manufacturers (OEMs), such as Dell Technologies Inc., HP Inc., Asus, Lenovo, and others.
However, Microsoft's hardware efforts in personal computing remained dull, and "Devices" revenue is ...