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Microsoft Shares Nosedive After Earnings Report

by Brandon Dimmel on July, 23 2013 at 08:07AM EDT

Microsoft's quarterly earnings report has resulted in the company's shares plummeting by 10 per cent. Investors appear to have been spooked by fourth quarter results that revealed a $900 million loss on the company's Surface tablet computer. Last ... week Microsoft slashed the price of its Surface RT tablet by $150, dropping that price from $499 to $349. Recent reports have suggested the firm has sold only a tiny portion of the devices it expected to sell, forcing it to take a loss in order to clear out existing stock. For Microsoft, Mobile Market A Tough Nut to Crack The stock plunge is the ... (view more)

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