Microsoft shares fell more than 12 percent on Friday. The company recorded the biggest drop in 13 years, a day after it announced the quarterly results dececionantes. Concerned, the weak demand for the latest version of Windows operating system and Surface tablet sales that are lower than expected.
The drop occurs after the company reached new highs given the last five years. The current breakdown is the highest since April 2000, by which time the company was experiencing a dispute with the U.S. government and the Internet bubble was losing strength. losses Friday represent about 36 billion drop in market value of the company. In one day, the fall was greater than the size of rival Yahoo. Microsoft had a quarterly profit below expectations. Earlier this week, Microsoft said it was cutting prices drastically Surface to attract consumers, reducing the amount of equipment in the inventory. Microsoft Surface tablet launched last year in defiance of the iPa d, Apple, but sales have not met expectations.“The potential growth engines of Microsoft (Windows 8, Surface) seem to be losing strength as we enter fiscal year 2014,” said David Hilal of FBR Capital Markets, in a report, adding that Windows revenue last quarter was 9 percent below expectations.
No comments:
Post a Comment