Bloomberg: Microsoft slashes Windows price

|About: Microsoft Corporation (MSFT)|By:, SA News Editor

Microsoft (MSFT) is cutting the price of Windows 8.1 by 70% for manufacturers of low-cost computers and tablets so that they can better compete against Google's Chromebooks and other low-cost rivals, Bloomberg reports.

For devices that retail for under $250, Windows will cost $15 instead of $50.

Microsoft's action comes after it said earlier this month that it sold over 200M Windows 8 licenses since the product's launch in October 2012. That's a slower rate than for Windows 7.