Why Microsoft Stock Is Going Up Despite Windows 8 Going Down
by Sneha Shah
The Seattle giant Microsoft (MSFT) has seen its stock increase by ~10% in the past month despite Windows 8 seeing disappointing sales. The IDC PC shipment report had led to dumping of "PC stocks" as PC sales declined by a greater than expected 14% in Q1 2013. Microsoft has not really set the world on fire with its new product launches. The Surface RT tablet has pretty much been given up for dead with Nvidia CEO citing the absence of Outlook as one of the reasons for the low sales. After the end of the promotional pricing period, Windows 8 sales have been lackluster and Microsoft has been forced to reduce the prices of some key new products to boost sales. Despite the bad news, MSFT stock has climbed up and crossed the crucial $30 level. read more »
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