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Submitted by Nineball2112 2023d ago | article

Microsoft shares trying to get above $20

Microsoft (NASDAQ:MSFT) shares have tanked 42% in the last 52 weeks. With Zune issues, great XBOX sales, and Windows 7 on the horizon -- what do you make of it all?

Only if the XBOX division at Microsoft could become their own company, then it would be an easy buy. Microsoft has sold more Xbox 360 games last year than in any other year, and said that 28 million consoles have been sold since the game's introduction three years ago.

Xbox 360's total sales now are 8 million more than competitor Sony Corp.'s PlayStation 3 game. Microsoft added that its Xbox Live online community now numbers 17 million members and more than $1 billion has been spent on Xbox Live in the past three years. (Industry, Xbox, Xbox 360)

hitthegspot  +   2023d ago
Every stock is hurting.
MSFT is trading at $19.97. It will go up, it will go down. That's what it does. IBM is also down about 45%
Nathan Drake  +   2023d ago
It happens to the be...It happens to major companies.
#2 (Edited 2023d ago ) | Agree(3) | Disagree(3) | Report | Reply
ultimolu  +   2023d ago
They're not the only ones hurting from this recession. Let's hope this year things slowly get better.
Forbidden_Darkness   2023d ago | Off topic | show | Replies(5)
TheColbertinator  +   2023d ago
MSN is really tearing down MS profits.I think they will scrap more of it as job losses get higher in this bad economy.The 360 division however is just fine
Elven6  +   2023d ago
Not really, the MSN team is doing pretty well, they are deeply rooted in the Internet service provider scene in North America as well as Encarta, Ad Center, etc which are all successful.
Sheddi  +   2023d ago
I feel sorry for who ever that lost their jobs under these hard circumstances. Thats the sad part.
pegger24  +   2023d ago
no kidding
this situation is terrible in the US and I assume many other parts of the world. Hopefully it turns around soon
ultimolu  +   2023d ago
Yeah, it's really messed up. Even Macy's is laying off people and closing stores.

EDIT: My comment was deleted when I just asked the guy what his comment had to do with anything relating to the topic.

Thanks mods!
#6.2 (Edited 2023d ago ) | Agree(2) | Disagree(0) | Report | Reply
mirroredderorrim  +   2023d ago
Do you work in retail @ Macy's, Juuken?

I'm only saying because I have friends who work within the company.

Zone manager and a store manager, to be exact.
#7 (Edited 2023d ago ) | Agree(0) | Disagree(0) | Report | Reply
ultimolu  +   2023d ago
My cousin used to work there, I believe.

Don't know what he's doing now though.
dcbronco  +   2023d ago
This actually proves what bs the stock market is.
Microsoft hasn't stated anything about having a major lose of revenue and their stock drops over 40%. They will always sell software, they are always gaining access to new markets and the Devices Division is finally making money. But suddenly the stock drops. If the market worked like it is supposed to, the drops would only be in companies actually suffering major hardships. But companies that aren't losing anything are having their stocks fall too. It's a scam on the public and people are crazy to invest in it.
Jeremy Gerard  +   2023d ago
Stock market is
about growth kid, you can be making all the money in the world, but if you can't prove how your going to double all the money in the world next year, then your stock doesn't go up.
dcbronco  +   2023d ago
Firstly, not a kid.
But that is the problem, there used to be a time when people kept their money in utilities to be safe. They were stable because people would always need water and power. It's no longer about sustainability, it's about constant growth(which is impossible). Not being a reliable source of a dividend, but a ever increasing dividend. You can't be comfortable, you can't even be well off. You gotta be filthy rich. Which leads to a totally unstable market because as we have seen over and over, everyone involved will lie, cheat and steal to get just a little more. The result, Enron, credit Default Swaps and Sub-Prime loans. And we all know where that gets you.
The Desperados Gun   2023d ago | Spam

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