Azure + other cloud services
Dynamics products + cloud services
Office 365 commercial
Office commercial products + cloud services
Office consumer products + cloud services
Search + news advertising
Excluding traffic acquisition costs
Server products + cloud services
Windows commercial products + cloud services
Windows OEM
Xbox content + services
From here: https://www.cnbc.com/2023/01/24/microsoft-msft-earnings-q2-2...
Pretty diverse. Gaming, corporation/office stuff. What could they expand into next 3-5 years other than OpenAI? Hardware? They already failed at Zune/I doubt they want to make a phone.
> The devices are manufactured by original equipment manufacturers, including Pegatron, and are designed to be premium devices that set examples to Windows OEMs
Pegatron makes the Surface apparently. Not like Microsoft can cut Dell out of the loop and make their own laptop (not that I think that's high margin either...)