Microsoft share price: Company announces major Xbox update

on Feb 6, 2014
Updated: Apr 9, 2020
Listen, Thursday, February 6: Microsoft Inc (NASDAQ:MSFT) unveiled yesterday a major update for its new game console, the Xbox One, due for release on February 11. The update will add new features and improve the customer experience, amongst other changes. The company also said that a second major update was to follow on March 4.

In today’s trading, Microsoft shares rose 0.4 percent to $35.96 as of 15:02 UTC.
“[The February update] features many new improvements – including lots of behind-the-scenes updates for developers building apps and games for Xbox One, several new features we believe Xbox fans will love, stability and product updates to improve the customer experience,” Chief Product Officer Marc Whitten wrote in a statement.

Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.

Perhaps the most important aspect of the February update is that it will allow Xbox One users to see and manage their storage space. Currently users have no way of knowing how much space they have left on their hard drives and there is no storage management option. The device only sends notifications when a user is running low on storage. The February 11 update promises to fix this issue.

The update will also provide support for USB keyboards and will bring back the battery power indicator, so that users can track how much battery life is left on their controller.
Other features include improvements to the company’s Kinect motion sensor that will enhance its voice-recognition capabilities to make voice commands more fluid and responsive over time.

**‘Good supporter’**

The news for the updates come at a time of a major change for Microsoft, as the company just appointed Microsoft veteran Satya Nadella as its new chief executive officer (Microsoft share price: Satya Nadella replaces Ballmer as CEO). Investors are eagerly anticipating the new chief’s position on the whole Xbox business, with many of them suggesting that Microsoft should spin off the division, as well as other non-core operations such as the Surface tablets and the Bing search engine.

Providing an inside view on Nadella’a attitude towards Xbox, Microsoft Studios boss Phil Spencer said yesterday in a tweet: “He’s been a good supporter of Studios and Xbox.” Spencer added that “Microsoft LT [leadership team] understands Xbox is a very important consumer brand for us.”
Microsoft’s has shipped 3.9 million Xbox Ones worldwide, since the device’s November launch.
**As of 15:30 UTC buy Microsoft shares at $36.19**
**As of 15:30 UTC sell Microsoft shares at $36.18**
Trade stocks with Hargreaves Lansdown from £5.95 per deal.
Prices can go up and down meaning you can get back less than you invest. This is not advice. Dealing services provided by Hargreaves Lansdown.


Want easy-to-follow crypto, forex & stock trading signals? Make trading simple by copying our team of pro-traders. Consistent results. Sign-up today at Invezz Signals™.

Learn more
Stock Market Tech