Microsoft Corporation Launches Office App for iPad (MSFT)

The Redmond-based software bellwether, Microsoft (MSFT), followed through with its promise set forth on March 18th after it announced the official release of the Office app for the iPad.
In a polished debut, which set him apart from his often times overly-energetic predecessor, Microsoft CEO, Satya Nadella, showcased his firm’s efforts in making mobile apps its top priority. During the press conference, Microsoft unveiled a new “touch-first” version of its popular Office suite created specifically for the iPad. The company further surprised critics when it announced the app would be available as a free download to iPad users; however, it’s worth noting that a paid subscription will still be necessary for those who want to create or edit documents on their tablet.

Nadella did not make mention of when the “touch-free” version of Office would become available to Windows 8 users. Numerous analysts noted the lack of discussion about Windows during today’s press conferences showcases a meaningful strategic shift for the company, which many have been patiently waiting for as the software giant has undeniably fallen behind in a number of high-growth segments within the technology market in recent years.

Microsoft shares slumped lower on Thursday, shedding $0.43, or 1.08% per share, as the closing bell rang. The stock is up 39% over the trailing 52-week period.

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As of market close on March 27, 2014

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