Microsoft Corporation (NASDAQ:MSFT) has announced that its e-reader will be shutting down next year.

Microsoft Corporation (NASDAQ:MSFT) To Shut Down Software

The free e-reader app from Microsoft Corporation (NASDAQ:MSFT), which has been outdated for a while, will be shutting down by the end of August in 2012.

The e-reader software from the software giant that was released in 2001, and has faced strong competition from rivals, with users often opting to use outside applications when reading e-books.

Microsoft Corp. (NASDAQ:MSFT) shares were at 25.35 at the end of the last day’s trading. There’s been a 3.8% change in the stock price over the past 3 months.

Microsoft Corp. (NASDAQ:MSFT) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.84
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.78
Zack’s Rank: 26 out of 90 in the industry