Microsoft (MSFT) Updates on Windows Phone Growth at 2014 WPC

During today's 2014 Worldwide Partner Conference keynote, Microsoft (Nasdaq: MSFT) offered commentary on how Windows Phone growth is progressing.

Microsoft chief operating officer Kevin Turner said Windows Phone has about 4 percent of the global smartphone market. The platform also has 91 percent year-over-year growth, the fastest in the segment. There's also eight markets around the world where Windows Phone has double-digit market share and it is the number two operating system in 14 markets, out shipping Apple's (Nasdaq: AAPL) iPhone in 24 markets.

There are 270,000 apps in the Windows Phone store with about 500 being added each day.

Microsoft also reported a 440 percent increase in monthly paid-app revenue since the launch of Windows Phone 8.

Shares of Microsoft are up 0.8 percent.

You May Also Be Interested In

• Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
• Altria (MO) delivers in-line earnings, revenue in Q1; shares slightly up
• Calavo Growers (CVGW) Issues Update to Shareholders