Microsoft Overestimated Surface Demand, Say CEO Ballmer
Microsoft CEO Steve Ballmer has acknowledged that the company overestimated demand for its Surface tablets, and manufactured too many of them. Ballmer said: "We built a few more devices than we could sell."
The pricing for Surface RT was cut by 30 percent in early July, and recently the company announced a $900 million charge in its Q4 earnings, which reflected the price cut.