Microsoft's (NASDAQ:MSFT) red-hot 2013 hit a major roadblock recently, when its hugely disappointing Q2 earnings announcement sent shares sinking by double digits. To be sure, there wasn't a lot to like in the news out of Redmond, as the company's precarious place in our increasingly mobile future was brought once again into full light. And while Foolish investors know better to focus on a single bad quarter, it's looking more and more like the issues facing the company will probably produce some pretty nasty long-term side effects for the software giant as well. In this video, tech and telecom analyst Andrew Tonner highlights two key themes that point to Microsoft's recent earnings report and what they mean for investors.

Fool contributor Andrew Tonner has no position in any stocks mentioned. Follow Andrew and all his writing on Twitter at @AndrewTonnerThe Motley Fool recommends Google and owns shares of Google and Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.