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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.

 

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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 SOURCES:Pcworld.idg.com.au

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