The Seattle-based technology company Microsoft Corporation (NASDAQ:MSFT) confirmed on Tuesday, it will open 64 new retail stores in Michigan, where Apple Inc. (NASDAQ:AAPL) has five stores, and its first Michigan store is opening in Troy’s Somerset Collection.
The first store of Microsoft will be on the second floor of Somerset North, near the Macy’s by summer, according to company’s official sources. Whereas, its competitor, an Apple store, is on the first floor.
It was reported by New York Times last year that Microsoft all new stores will be opened through February 2012 within a distance of few feet of existing Apple stores in Michigan.
The Seattle Company’s used to sell software, laptops, tablets, desktop computers, Window Phones and Xbox consoles through its stores.
Microsoft said via its blog post on its website, that five stores, including the one on Troy location, will be open by this summer. Company told about other locations, that includes suburban Boston, suburban Chicago, Honolulu and Portland, Ore.
The Seattle based company has intended to open 64 stores in all across the country and it also has an office in Southfield. On the other hand, its competitor, Apple Inc. (NASDAQ:AAPL) has five stores in Michigan and more than 250 nationwide.
Apple stock on Feb 05, 2013 reported a surge of 3.51% to the closing price of $457.84. Its fifty two weeks range was $435.00 -$705.07. AAPL’s total market capitalization remained $429.94 billion.
AAPL is ahead of its 52 weeks low with 5.25% and lagging behind from its 52 weeks high price with -34.77%. AAPL’s last month’s stock price volatility remained 2.49%. The stock price of AAPL is moving down from its 20 days moving average with -5.91% and remote negatively from 50 days moving average with -12.14%.
In After hours trading AAPL shares surged 0.23% to $458.90, MSFT shares fell -0.02% to $27.49 in afterhours trading.