Microsoft Lost $34 Billion, Witnesses Biggest Ever Plunge In Four Years
"The recent reorganization does not fix the tablet or smartphone problem," Nomura analyst Rick Sherlund said in a note to clients on Friday. "The devices opportunity just received a $900 million hardware write-off for Surface RT and investors may not even like the idea of wading deeper into this territory."
"This (the results) was much more disruptive than investors have expected, with Microsoft missing its guidance in every division and guiding lower," wrote Sherlund. "Everything an activist investor could ask for."
The analysts also said that the company shares will continue to fall as Microsoft is failing to sell its PCs and tablets. They said the only hit product of the company is Xbox, which the consumers are clamouring for. The new version of it is to hit the markets later this year.
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