Investors sue Microsoft over misleading claims of Surface sales performance
Microsoft’s Surface tablets – and the Surface RT in particular – haven’t been the runaway hits the company might have hoped for. Recently, we’ve witnessed a number of price cuts in efforts to boost sales, and learned of the nearly billion dollar losses Microsoft was facing due to making more Surface RTs than it could sell. Now a lawsuit seeks to hold Microsoft accountable for its failings, accusing the company of engaging in false and misleading statements regarding Surface sales.
Specifically, the suit says that in the three months up leading to the revelation of Microsoft’s massive Surface RT back-stock, the company was clearly aware that the tablet wasn’t selling well, and ultimately just wasn’t as valuable a product as Microsoft was presenting it to be. As a result, shareholders believe they weren’t able to make informed decisions about their investments.
Key to this case would be proving what Microsoft knew and when, which could be very tricky for outsiders like these to establish. We’d also need to see evidence linking a recent decline in stock price to this Surface RT business – it all sounds like a difficult fight ahead.
Microsoft, at least, seems focused on the future, and we’re already looking forward to see what it might have in store for second-gen Surface models.