New reports suggest that at long last, Microsoft's (NASDAQ:MSFT) Office software suite will finally launch for the iPad as early as next week, something that investors have been speculating about for a long time. Microsoft's new CEO Satya Nadella will reportedly host an event in San Francisco on March 27th, when he will announce the launch.
In this segment of Friday's Tech Teardown, host Erin Kennedy and Motley Fool tech and telecom bureau chief Evan Niu take a look at the strategic shift that this move represents, now that Nadella has replaced former CEO Steve Ballmer. While Evan says that it is pretty clear Ballmer was withholding Office for the iPad as a point of differentiation to compete in the tablet market, Nadella's focus on the cloud means he may be willing to make bolder moves to expand Microsoft's mobile presence. Evan also discusses how Office on the iPad could perform, why this is the right move to make, and why the shift from Ballmer to Nadella is one that investors should be very satisfied with.
Erin Kennedy owns shares of Apple. Evan Niu, CFA owns shares of Apple. Evan Niu, CFA has the following options: long January 2015 $460 calls on Apple and short January 2015 $480 calls on Apple. The Motley Fool recommends Apple. The Motley Fool owns shares of Apple and Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.