Microsoft Corporation (NASDAQ:MSFT) CEO Steve Ballmer, while addressing the company's annual shareholders meeting in Bellevuew, Wash, talked about the uptake of Windows 8, drawing a solid picture of the current status of the company.
Since it was Microsoft's annual stakeholder's meeting, when the topic of the company's swinging share price came up, Ballmer discussed that Microsoft Corporation (NASDAQ:MSFT) has registered increased profits and revenues over the last ten years in response to its innovative products. He explains that there were times when the company did things well and got recognized, but then there were times when company was never given the credit when it was due. To him, if the market fails to recognize company's efforts, its not going to stop them from returning value to shareholders.
“We keep very focused on delivering long term innovation and long term profit growth,” Ballmer says
Talking about potential opportunities and strong products in their pipeline, Ballmer believes that these products will help maintain an up trend in their stock price. "We see nothing but a sea of upside," he added.
Explaining how the company is transitioning from being a software giant to being a company that is “great at software expressed through devices and services.”, Ballmer says that, “This is a new race, and it’s a new era for us,”
In response to a question about the upcoming generation's focus on Apple's devices, Ballmer argues that “It’s a tough competitive market out there, and we certainly think that with the products that we and our partners are delivering to market … we have an opportunity,”
About Microsoft's share price vs. Google Inc (NASDAQ:GOOG) and Apple Inc. (NASDAQ:AAPL), Ballmer referred back to his earlier comments where he explained that he sees a potential opportunity for company's future growth with company's latest focus on smartphones and tablets.
Ballmer also stated that Windows Phone Store now has over 120,000 apps and that the platform currently has the majority of the 50 most popular mobile phone apps.
Talking about the giant sell of 40 million Windows 8 licenses so far, he says that "based on customer feedback, we know for sure people get it and like it."
While explaining how he sees Microsoft Corporation (NASDAQ:MSFT) experiencing a new time, he promises that "We will relentlessly focus on delightful, seamless" devices and surfaces.