TweakTown
Tech content trusted by users in North America and around the world
5,671 Reviews & Articles | 36,049 News Posts

Microsoft stock drops riding the news of huge drop in PC shipment numbers

Microsoft stock tumbles after PC shipment reports

| Business, Financial & Legal News | Posted: Apr 12, 2013 1:19 am

We reported the bad numbers of PC shipments in Q1 earlier today, and since then Microsoft stocks have dropped by around 4.4% to $28.93 at the time of writing. Not only that, but other technology stocks have dropped, too.

 

TweakTown image news/2/9/29672_02_microsoft_stock_drops_riding_the_news_of_huge_drop_in_pc_shipment_numbers.png

 

Dell, HP and Intel were down in stock prices riding the news of Q1 shipment numbers. Research firm IDC had partly blamed Windows 8 for the drop in PC sales, noting that HP's shipments declined 24% year-over-year, backed up by Dell's numbers which dropped 11%. Now several Wall Street analysts have downgraded Microsoft stock, so I'm sure we'll see it tumble more in the coming days and weeks.

NEWS SOURCE
Pcworld.idg.com.au

Related Tags

Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts

Latest Downloads

View More Latest Downloads

TweakTown Web Poll

Question: Did EA kill the Battlefield franchise with the terrible BF4 issues?

Yes, Battlefield is doomed

No, Battlefield will live on strong

I'm not sure, but I know EA needs to improve its game

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases
Get TweakTown updates via Facebook!
Just click the "Like" button below