Microsoft stock price went up on Thursday, trading at $233.29 as of 12:45 PM EDT.
As the most significant brand-repositioning initiative in more than 30 years was unveiled by Microsoft (NASDAQ:MSFT), it will see its Microsoft Office software package now be known as Microsoft 365.
Microsoft (NASDAQ:MSFT) said that Office.com and Office for Windows would gain new icons, fresh looks, and more functionality in addition to being included in the Microsoft 365 program and Office mobile app. Microsoft (NASDAQ:MSFT), based in Redmond, Washington, announced that the updates will begin to appear on Office.com the next month and appear on the Windows and mobile versions of the Office program in January 2023.
The Office brand will continue to exist in a limited capacity, according to Microsoft (MSFT), as the company will “continue to offer one-time purchases of those apps to consumers and businesses via Office 2021 and Office LTSC plans,” despite the fact that Microsoft (MSFT) 365 will serve as the primary hub for its productivity software.
Office 365 subscription plans wouldn’t alter, according to Microsoft (MSFT). Apple (NASDAQ:AAPL) announced on Wednesday that some of its most well-known services, like Apple Music, would soon be available on Microsoft’s platforms.
Microsoft stock, Outlook
Microsoft will submit its FQ1 2023 earnings report by October 25, 2022. In spite of the pledged cloud Capex, it is clear that Mr. Market is less convinced as the S&P violated its previous June bottoms once more. Though we are not bullish right now, MSFT’s stock valuations may keep steady given the consensus’ upbeat FQ1 2023 expectations. Though we are not bullish right now, MSFT’s stock valuations may keep steady given the consensus’ upbeat FQ 2023 expectations. Multiple push forces are already in play, setting up the ideal scenario for further volatility in the near term and further pressure on the price of MSFT’s stock. What can we expect from APPL’s report due?
Featured Image – Unsplash © impelling
Author Jowi Kwasu 
