14 DAY TRIAL // IDC’s report that brought Windows 8 and Microsoft under fire for their failure to reignite the falling PC market has also affected the Redmond-based company’s shares, with a 4.44 percent drop recorded yesterday.
According to a report by Daily Political, UBS AG has restored Microsoft’s “Buy” rating, so the shares currently have a $35 target price on the stock, most likely as a result of the rumors pointing to a new Surface tablet prepared by the company.
According to sources familiar with the matter, the technology giant is planning to release a smaller Surface tablet, with a 7- or 8-inch display, which could see daylight later this year.
The tablet would be equipped with Windows 8.1, the next Windows release also expected this summer, and would be designed to compete against the likes of iPad mini and Nexus 7.