July 19, 2013 • 19h49
Microsoft shares fell more than 12% on Friday, the largest drop in 13 years, a day after the software company announced disappointing quarterly results due to weak demand for the latest version of Windows operating system Surface and tablet sales below expectations.
Movement sales roles occurs after a time when the shares reached maximum for the past five years and is the largest percentage drop since April 2000, when the company was experiencing a dispute with antitrust the U.S. government and the Internet bubble losing volume quickly.
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- Microsoft Shares tumble after weak results
- Microsoft disappoints in Q2 with poor sales of tablets
- low $ 150 price of the Surface RT in the USA
Microsoft
losses Friday represent about $ 36 billion drop in market value of the company in one day, bigger than the size of rival Yahoo!. The brokerage Raymond James and Cowen & Co reduced its recommendations for the roles of Microsoft to “market perform” (performance on average with the market) and at least five others cut their target prices by up to $ 3 dollars.
Microsoft had lower than expected quarterly profit, hurt by a writedown of $ 900 million related to the value of unsold tablets Surface, which had reduced selling prices to attract buyers. Earlier this week, Microsoft said it was cutting prices drastically Surface to attract consumers by reducing the value of the appliances in your inventory.
Microsoft Surface launched last year in challenge to Apple’s iPad, but sales have not met expectations.
“The potential growth engines of Microsoft (Windows 8, Surface) seem to be losing momentum as we enter fiscal year 2014,” said David Hilal of FBR Capital Markets, in a report. He said revenue from Windows in the past quarter was 9 percent below their expectations.
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