Microsoft on Tuesday unveiled the Xbox One, an entertainment console meant to be the one system households will need for games, television, movies and other entertainment.Microsoft says the latest version of its Windows operating system is off to a great start. Yet it remains unclear whether the revamped software will win over enough people to revive the slumping personal computer market.
About 40 million licenses to Windows 8 were sold in its first month on the market. Microsoft released the figure Wednesday in conjunction with the company’s annual shareholder meeting near its Redmond, Wash., headquarters.
But a prominent analyst who tracks Microsoft for Nomura Securities lowered his financial forecast for the company because he expects PC sales to continue faltering.
Late auto payments rise in third quarter
New consumer credit data show that more Americans fell behind on their auto-loan payments in the third quarter.
Credit reporting company TransUnion said that the rate of U.S. auto-loan payments at least 60 days overdue rose to 0.38 percent from 0.33 percent in the second quarter.
The July-to-September delinquency rate was down 19 percent from the 0.47 percent rate a year earlier.
