“Look no further than Microsoft… the software giant’s shares slid as investors focused on the company’s long-term campaigns: capturing a piece of the smartphone market with its Windows 7 phones and coming up with an answer to the iPad,” Sloane reports. “‘The issue dogging Microsoft’s stock is that until they have a more formidable presence in the smartphone or tablet market it will be very difficult for investors to pay up,’ said Kirk Materne, an analyst with Evercore Partners. Apple was the first major player in the tablet market with last year’s release of the iPad, and has sold 13 million of the devices.”
Sloane reports, “With more and more consumers replacing their PCs with tablets, Microsoft’s position as the dominant software company is in jeopardy if it doesn’t tap that market, analysts said. The company has yet to unveil a tablet. Its position in the smartphone sector is not much stronger. Apple’s impact was also felt yesterday at AT&T, the one-time exclusive iPhone service provider. As it will soon lose its exclusive grip on the iPhone, the company yesterday predicted full-year profits in 2011 would fall short of Wall Street expectations.”
Full article here.
[Thanks to MacDailyNews Reader “Lydell C.” for the heads up.]
