“Microsoft Corp. shares reached their highest point in nearly 14 years Tuesday, closing up 3.9% at $39.55,” Rex Crum reports for MarketWatch.
“That was the steepest level since July 2000,” Crum reports. “The jump followed reports that Microsoft will soon make a version of its Office software suite available for use on Apple Inc. iPads.”
Full article here.
“Reuters reported late on Monday that new Microsoft Chief Executive Satya Nadella would unveil the iPad app at an event on March 27,” Soham Chatterjee reports for Reuters. “Microsoft shares rose as much as 5 percent to $39.90 on Tuesday, adding $15 billion to the company’s market value. At that price, the stock was up about 10 percent since the announcement of Nadella’s appointment on February 4. The shares last touched $40 in July 2000.”
Chatterjee reports, “Microsoft has had iPad and iPhone versions of Office primed for several months now, sources told Reuters, but the company has dallied on their release due to internal divisions, among other things.”
MacDailyNews Take: You know, like having a buffoon for a CEO.
“Analysts said the lack of an Office version for the iPad may have robbed Microsoft of billions of dollars in revenue,” Chatterjee reports. “Tired of waiting for Office to be optimized for their touchscreen devices, a growing contingent of younger companies are turning to cheaper touch-friendly apps that can perform word processing and other tasks in the cloud… Last year, Apple offered free updates for life on its iWork business software, which includes rival applications to Microsoft’s Excel, Word and PowerPoint, for MacBooks, Mac computers and iPad.”
Read more in the full article here.
MacDailyNews Take: Microsoft stock hits 14-year high, thanks to Apple. (smirk)
Related articles:
So, Microsoft needs Apple users, but do Apple users need Microsoft? – March 19, 2014
Why Microsoft Office for iPad can propel Apple’s stock price past $550 – March 19, 2014
Microsoft to release Office for iPad this month – March 17, 2014
NY Times’ Pogue: Microsoft’s Office Mobile for iPhone is very little, very late – June 19, 2013
Microsoft releases Office Mobile for iPhone via Apple App Store – June 14, 2013
Associated Press: Don’t overlook Apple’s iWork – March 5, 2014
Apple’s ‘missing’ iWork features reappear – November 22, 2013
LAPTOP Magazine reviews Apple’s iWork for OS X: A compelling content creation platform – November 20, 2013
Hands on: Using Apple’s new iWork for iCloud collaboration tools – November 15, 2013
Apple releases next-gen 64-bit iWork and iLife apps for OS X and iOS; free with new Macs and iOS devices – October 22, 2013
Too Little Too Late …
Exactly…
iPad adoption rate in Fortune 500 is already greater than 94%. Obviously, the 500 most successful companies in the world don’t care about Office being available on the iPad.
In other words, “real work” appears to be about things other than Microsoft Office. Funny, I suspected that very thing all along, as I observed companies hiring iOS developers. Wouldn’t need them if Office was the only thing that mattered, would they?
WHO NEEDS OFFICE WHEN YOU HAVE OPEN OFFICEORG FOR FREE AND ALSO HAS A DRAWING PROGRAM.. COMPLETE WITH COMPATIBILITY WITH OFFICE.
…in related news, the New York Times noted that Obama doesn’t lie.
Moron and lying hypocrite. Like you read the NY Times. Just like Sarah Palin.
The defense rests.
Regardless of the quality of the app, I don’t see how their iOS version of Office:
A. will generate any significant income–being tied to the Office365 software rental model which cost $5 to $15 PER MONTH.
B. will generate any significant new users.
If MS would have released a decent version of Office for iPad in 2010, they might have been able to charge $10 – $20 per app.
Now (800 million iOS users later) most people:
1. Don’t care
2. If they do care, they figured out other solutions 3 – 4 years ago.
3. If they do care, they certainly aren’t going to pay a monthly subscription fee for the “privilege” of using office unless they already HAVE to have Office 365 anyways.
MS should have remembered its own name (MicroSOFT) and made great software for ANY successful platform instead of chasing fantasies of another monopoly.
or:
5. The interest in Office for iPad is matched only by the all-emcpassing interest in the names of Mark Spitz’s opponents for his seven 1972 gold medals.
or:
6. Microsoft is irrelevant to modern technology.
I agree.
Even if I were inclined to put MS Office on an iDevice, I won’t go with a subscription piece of software.
Subscription based software is really ransomware or protectionware. It really is a protection racket. Don’t pay your monthly “protection” fee, you lose access to all the files created in that application. It’s already common knowledge that documents created in Office 365 cannot be edited by any other software (even the latest version of MS Office that is not 365). You can open them (reasonably well) and view them. But edit them in their native format? Forget it.
I feel the same way about Adobe’s Creative Cloud set of applications. Once you get sucked into them — and Adobe changes any file format [presumably to incorporate new functionality] then you’re stuck paying a monthly “protection” fee so you can have full access to your own files.
Until file formats become open standards not controlled by *any* company, I’m not interested in any cloud based app for my critical files.
So, Microsoft gives away FREE software to be run on a Device that is purchased from Apple for more than $500 and Microsoft goes up. Yes, reality is strange on Wall Street.
Apple sells what, a record 53 million iPhones in a quarter, and the stock goes down. Geez!
In other news, AAPL shares down today as investors worry that Microsoft’s entry onto the iPad signals a lack of quality control at Apple. Yukari Iwatani Kane says, “Steve Jobs would never had allowed Office on the iPad.”
I wonder when Microsoft is going to have a funeral parade for Microsoft Surface?
So the Surface is going to be under the surface
Weird isn’t it that Apple shares are stagnant because its products aren’t successful enough for analysts while just on association with this supper successful Apple product others shares can jump like that. Mad mad contradictory World we live in.