Microsoft Corporation (NASDAQ:MSFT) Emerges Winner
Even before a New Chief Executive gets anointed to shepard the S&P 500 index tracked and Dow Jones Index tracked Microsoft Corporation (NASDAQ:MSFT) into the next decade, some of the tough decisions which were forced down the throat of its current boss and co founder Steve Ballmer by its board seems to have started to pay results. Read on to understand some of the latest developments which would be good for this marquee stock?
Xbox Beats PlayStation To The Post
Readers would have probably felt overwhelmed by the millions of dollars and efforts that went into the launch and promotion of Microsoft Corporation (NASDAQ:MSFT) Xbox One in the run up to the thanksgiving vacations. Now that the dust has settled over the frenzied shopping through the week and which culminated with black Friday, Executives at the maker of Xbox would feel vindicated about their efforts. This is because trade journals have reported that Xbox One was a hands down winner in the gaming console space this holiday season and accounted for a reported 61% sales of all games consoles in Target Corporation (NYSE:TGT) and Wal-Mart Stores, Inc. (NYSE:WMT) last week. Readers should note that Sony Corporation (ADR) (NYSE:SNE) had released its own updated version of gaming device Play Station 4, earlier last month in direct competition to Xbox One.
Federal Trade Commission Approves Nokia Hand Set Take Over
In more good news which is expected to have more long lasting effects on the future shape and size of Microsoft Corporation (NASDAQ:MSFT) it was reported yesterday by the Federal Trade Commission that the U.S Justice Department and Anti Trust Agencies have gone ahead and given their stamp of approval over the proposed $7.3 billion takeover of handset business of Nokia Corporation (ADR) (NYSE:NOK) by Microsoft Corporation (NASDAQ:MSFT). With this go ahead from U.S regulators it is being predicted that the cost is clear for the regulators in Europe to green light the transaction.