Microsoft is down 8% pre-market this morning.
The stock has been doing worse and worse since the company released earnings. Initial reaction to the release sent the stock down 2.5%. Then it was 5%, then 6% … and now it’s down 8%.
Microsoft’s Windows business is finally feeling the effect of the collapse of the PC industry, and the failure of Windows 8 to slow the iPad.
The Windows division’s operating income was down 55% on a year-over-year basis, which dragged down the company’s EPS. It also took a $900 million charge on the Surface RT, its iPad-wannabe tablet.
Microsoft’s enterprise businesses remain strong, but that’s not enough to keep investors happy.
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