Microsoft Corporation (NASDAQ:MSFT) has announced the partnership with the leading tech companies including Lenovo, Asus, and HP in order to bring budget-friendly virtual reality (VR) headsets to the market. MSFT has also confirmed the integration of its VR experiences into its next-generation Windows 10 operating system (OS) through an upcoming software update for its Creators. The VR headsets are fully-compatible with computers and will lead to an additional cost-saving benefit of owning upcoming Windows 10 VR headsets. The VR headset backs streaming games from the Xbox One or Windows 10 through a free app that would hit the Windows and Xbox Stores on December 12th. As a result, the favorite games can be experienced virtually. Microsoft Corporation partnership with Oculus, Rift owners would enable this as the Rift app creates a VR environment in which the games can be played, the app reportedly includes three different environments to play games.
Moreover, MSFT will expand the cost of its venture programming and cloud offerings in the U.K. by 22 percent to change in accordance with the falling pound due to the Brexit. From January 1st the costs of on-premises venture programming will increase by 13 percent all to realign with the euro-based contracts.
Microsoft Corporation is investing into technology and betting big on quantum computers to construct machines that may solve problems that today’s generation of computers cannot do so by using a topological qubit. The quantum computers utilizes atoms and molecules to conduct processing and memory tasks. Quantum computers will be able to detect the cancer a lot earlier than today’s technology can. Quantum computers will impact everything from elections to drugs, from planetary discoveries to consumer spending. After 2020, there will be the post-silicon era, with quantum computing.
Additionally, Microsoft Corporation got the direct access to LinkedIn’s pool of data after the acquisition of Linkedin. This will increase the business opportunity in a growing market, one in which Microsoft is willing to invest $26 billion.
Recently, analysts from Goldman Sachs, Heather Bellini upgraded MSFT from “Neutral” to a “Buy,” on the back of the group’s potential opportunity in cloud computing. Moreover, Bellini has enhanced price target on Microsoft stock to $68, which is 13% better than the stock’s current value
MSFT stock has risen 11.46% in the last one year (as of November 23rd, Source: Google Finance). According to tipranks.com, 17 analysts has covered the stock while recommend a “Moderate Buy”. MSFT has an average price target of $64.15, which is a further upside of 6.21%.