Microsoft Corporation (NASDAQ:MSFT) Doing Better With Xbox One, Skype And Windows Tablets
Microsoft Corporation (NASDAQ:MSFT) seems to be making strides across its businesses whether related to its gaming console Xbox One, Internet video and voice messaging service Skype or Windows-power tablets. However, investors seem to be waiting for seem real breakthrough that could directly impact company’s revenue stream and profitability and hence many of the positive updates could not boost its stock price which fell by 1.31% during yesterday’s session. The stock of Microsoft Corporation (NASDAQ:MSFT) closed at $37.61 after trading in a range of $37.39 and $38.30.
Xbox One Sales
Microsoft Corporation (NASDAQ:MSFT) recently announced Xbox One video game consoles made a history for the U.S. software giant as 2 million units get sold out within 18 days of launch. The Xbox One is on sale in 13 countries worldwide. However the rival Sony Corporation (ADR) (NYSE:SNE)’s PlayStation 4 achieved the feet of 2.1 million sales in just 15 days and analyst Mike Hickey believes it a win for Sony Corporation and expects this to be reflected in market share, moving forward.
Skype v/s Cisco
Offended by Microsoft Corporation (NASDAQ:MSFT)’s acquisition of Skype, Cisco Systems, Inc. (NASDAQ:CSCO) filed its challenge in European Court alleging that the 2011 deal would harm competition. However, recently the Court ruled out Cisco Systems’ allegations, making roads clear for Microsoft Corporation to market Skype’s video calls without making any concessions to Cisco or other firms. Cisco Systems, Inc. is struggling with its similar enterprise offerings as the businesses are switching to cheaper Internet-based services like Skype, Viber and WhatsApp.
Push for Windows Tablets
Chief Information Officers (CIOs) recently favored to use Microsoft Corporation (NASDAQ:MSFT)’s Windows tablets into the enterprise as it would allow them to support a common operating system across PCs and tablets. The revelations came from the findings of a recent survey conducted by Sanford C. Bernstein Ltd.