microsoft

Microsoft Suffers Biggest One-Day Fall

  • First Posted: Apr 30 2011 11:03 AM
  • Updated: about 2 hours ago

Microsoft Corporation's shares fell their most since 2009 on Friday, thanks in part to low Xbox and tablet sales.

Microsoft shares suffered their biggest one-day fall in two years on Friday, just one day after reporting a decrease in sales for Windows operating systems. Though the tech company met Wall Street’s profit estimate and beat overall sales in its earnings report on Thursday, investors were concerned with Windows' lower personal-computer and Xbox sales. As a result of the recent setback, Microsoft is at risk of being overtaken by its old rival, IBM, in terms of market value.

Comments

LATEST NEWS

So Long and Thanks for All The Hits

In which we bid adieu and do something t...

MacKay Underestimated Libya Cost by $300 M

Well, at least we won, kinda....

SpaceX Laying Groundwork for Visits to Private Space Stations

No more low-orbit fly-bys for SpaceX –...

Globe and Mail To Hide Behind Paywall

As if they actually expect people to pay...

MCA's Death Puts 7 Beastie Boys Albums on Billboard 200

Only Hello Nasty and To The Five Borough...

Prince Charles Does The Weather, Is Actually Charming

While he might never get to be king, at ...

Greek Unemployment Hits New High

One in four Greeks are unemployed, while...

NDP Outpolling Tories

The NDP is now nipping at the Tories' he...

Details of First Low-Cost 'Artificial Leaf' Published

An MIT chemist has found a way to replic...

National Post Infographic Details Child, Forced Labour Worldwide

Some of the world's hottest economies â€...

Rothko, Pollock Help Smash Contemporary Art Auction Record

Nearly $400 million was spent on a haul ...

Only A Quarter of Americans Support Afghanistan War

A new poll shows that support for the de...

play

FEATURED VIDEO

The Spirit Bear has come to symbolize the mystery and greatness of the West Coast but also what is threatened by oil interests.

<i>Tipping Barrels</i> follows surfers into the Great Bear Rainforest, where they learn more about the region and issues confronting it.

Tipping Barrels Follows Surfers into Great Bear Rainforest

The Spirit Bear has come to symbolize the mystery and greatness of the West Coast but also what is threatened by oil interests. Tipping Barrels follows surfers into the Great Bear Rainforest, where they learn more about the region and issues confronting it.