Microsoft launches ipad version of Office to boost share prices at 14-year highs

Source: Internet
Author: User
Keywords Microsoft stock Nadra ipad edition Office
Since Nadra became chief executive of Microsoft, the company's share price has risen by 10%. Microsoft's launch of the ipad version of Office boosted its share price to a 14-year high. Tencent Technology Ming Xuan March 19 compiled by Microsoft chief Executive Satia Nadra (Satya Nadella) will launch the ipad version of Office on March 27, Microsoft shares rose 3.94% in Tuesday, It is closed at 39.55 dollars. The company's share price rose to $39.90 trillion, close to the 40 dollar mark. Microsoft's share price was last reported at $40 trillion, back to July 2000. The source said in Monday this year, the replacement of Ballmer (Steve Ballmer) in the helm of Microsoft Reins Nadra, may launch on March 27 ipad version Office, and take advantage of his first important appearance after taking office, Bring the company's most lucrative products to Apple's popular Tablet PC. According to Microsoft's invitation letter, Nadra will deliver a speech to media and industry executives on March 27. In an invitation to reporters, Microsoft said Nadra will explore "the intersection of cloud computing and mobile" in its March 27 event, but declined to comment on the details. The company's share price has risen 10% since Nadra became chief executive of Microsoft. Sources said the ipad and iphone version of Office had been developed a few months earlier, but Microsoft's internal disagreements have led to delays in the release of the product. For years, investors have been urging Microsoft to launch Office suites for Apple and Google's mobile devices, rather than the shrinking sales of Windows PCs, which could cost Microsoft billions of of billions of dollars in revenue. But Microsoft has always been concerned that the move would be a shock to the company's PC operating system business. "We expect that if 10% of the world's ipads are installed in the subscription office, this will give Microsoft 15 million subscribers," said Mark Moerdler, a Microsoft researcher at the Bernstein Institute (Bernstein Research). Revenues will reach 1.1 billion to 1.5 billion dollars a year. "Moordelle also said that because the vast majority of corporate customers still use the Windows operating system, he believes that the ipad version of Office does not give the Windows business how much positive or negative impact. Microsoft has previously launched Office Online for Windows Phone smartphones. Apple's iOS platform accounted for 36% of the global tablet market in 2013, with Google Android taking 62% per cent, according to Gartner, a market research firm. Microsoft's shares rose 1.50 U.S. dollars in conventional trading in the Nasdaq Stock market in Tuesday, up 3.94% per cent to $39.55. ByAt the closing price of Tuesday, Microsoft's market value reached $328.29 billion trillion. In the past 52 weeks, Microsoft's lowest share price was $27.96, with a maximum of 39.90 dollars.
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