Not at all. No one is saying MSFT is doing bad at all.
However, let's look at MSFTs strengths or strategy:
Windows / Office - make software applications, let others make hardware
Servers - make software applications, let others make hardware
Cell Phones/Mobile - make software applications, let others make hardware
Games - make hardware, let others make software (games)
Zune - make hardware, let others make content - eg. music)
Search/Online - make hardware (infrastructure), let others make software (applications)
You can see the last 3 are the actual divisions that LOSE or LOST money.
In a general sense, it is much tougher in the hardware/infrastructure business, than the software business.
They may have some sort of grand strategy, but so far, it has not meshed at all.
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