The world's largest software maker
) announced the launch of a Windows app for
) iPhone. However, Microsoft is not offering this app on
Users can access the app if they have an Office 365
subscription for $100 a year. The subscription will enable users
to add Office suites to 5 Windows or Mac devices except the
Microsoft is trying to woo back users through its flagship
Office software. The app will allow users to work and edit
documents, which they were working on. But they will not be able
to see charts, animation and other features on the phone.
Microsoft is likely offering iOS fans a taste of its software
in order to woo them to Windows 8 devices. This could work to a
certain extent, although the limitations of the iPhone version,
not to mention the considerable cost, may result in a few takers.
Acccording to IDC, at the end of the first quarter of 2013,
Samsung led the smartphone space with 32.7% of market share and
witnessed a year-over-year jump of 60.7%, leaving behind Apple,
LG, Huawei, ZTE and others.
Microsoft's Office 365 is gaining traction in the market as it
recently launched its online version focusing on touch devices.
Further, it is being deployed at the stores of retailers such as
J. C. Penney Company Inc.
) and U.K.-based Tesco as well as government departments such as
the Texas Department of Information Resources, which chose the
software for inter-departmental activities. The latest to jump on
the bandwagon is the International Federation of Red Cross and
Red Crescent Societies (IFRC), which also signed a memorandum of
understanding (MoU) with Microsoft. Further, Microsoft's software
is gaining ground in the healthcare sector. The company continues
to innovate, launching separate versions for businesses and
Currently, just like other PC makers, Microsoft is also
battling the slump in the PC market caused by the sluggish
economy. In addition, the popularity of smartphones and tablets
from Apple and
) are cannibalizing PC market sales, further deteriorating the
scenario. Whether it can come out of the slump on the back of its
new software and OS is a wait and see game.
Microsoft reported revenues excluding deferrals of $20.49
billion in the third quarter of fiscal 2013, which was down 4.5%
sequentially but up 17.7% from last year, more or less in line
with our estimates. All segments grew strongly from the year-ago
quarter and declined only slightly from the seasonally strong
December quarter. Microsoft's Business Division grew both
sequentially and year over year.
Microsoft has a Zacks Rank #3 (Hold).
APPLE INC (AAPL): Free Stock Analysis Report
GOOGLE INC-CL A (GOOG): Free Stock Analysis
PENNEY (JC) INC (JCP): Free Stock Analysis
MICROSOFT CORP (MSFT): Free Stock Analysis
To read this article on Zacks.com click here.