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

Microsoft stock tumbles after PC shipment reports.

@anthony256
Published Thu, Apr 11 2013 8:19 PM CDT   |   Updated Tue, Nov 3 2020 12:23 PM CST

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.

Microsoft stock drops riding the news of huge drop in PC shipment numbers | TweakTown.com

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

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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