Dallas, Texas 07/12/2013 (Financialstrend) – Microsoft Corporation (NASDAQ:MSFT), which possesses a vital position within the technology industry, has said to have its share prices overrated to about $34 per share with its corporate position purely tentative. The company is expected to launch new products within the market, hence it has been estimated that the company might out shake off against its active competitors. The company has not been actively improvising its product line to match up the taste of its customers and has been receiving much critique over this lack of flexibility in its product design and product line.
According to the investors, Microsoft Corporation (NASDAQ:MSFT)’s recent attempts to refurbish its current products to cope with the consumers changing needs but failed to please its customers. Xbox-One proved to be a massive blow for the company despite its admiration it received from the gaming industry experts including President of Interactive Entertainment Business. This product was planned to seek new horizons of video games and home entertainment, which alas, could not satisfy both the press and the gamers.
The company has its market capitalization garnered at $289.78 billion with an institutional ownership of 68% and 8.35 billion shares outstanding. One of the main reasons for Microsoft Corporation’s (NASDAQ:MSFT) failure is its lack of innovation and flexibility to cope with the changing consumer needs, which has lead down the demand for the company’s products.
Prices of Microsoft Corporation’s (NASDAQ:MSFT) shares, on Wednesday, appreciated by 1.02%, closing at $34.70 per share for the day. Prices for the day varied between $34.32 and $34.81 per share, whereas, its volume of shares trading was 29.71 million on Wednesday against 43.59 million per day being traded on average. Microsoft Corporation’s (NASDAQ:MSFT) share prices attained a year’s low and high of $26.26 and $35.68 per share, respectively.
