Category: Tech stocks and News
Samsung’s splashy launch party for its fourth-generation Galaxy S mobile device isn’t going to have much of an impact in its war with Apple. That’s because the battleground for dominance in the mobile space has shifted away from the hardware and physical design of phones and toward their software, specifically the operating system. The real battle for mobile dominance looks like this: Apple, with its iOS ecosystem, is in one corner, and Google, with its Android system, is in the other. Whichever wins over consumers will ultimately decide the victory.
Apple needs to launch a low-cost iPhone to boost earnings and market share, says BTIG analyst Walter Piecyk.
In an investors note out today, Piecyk said he raised his opinion on Apple stock to “buy” from “neutral” based partly on the assumption that a low-cost iPhone will launch before the year is over.
The shareholder opposition to the $24.4 billion buyout of Dell is growing louder.
Carl C. Icahn, the longtime activist investor, is planning to unveil a major stake in the troubled computer maker, a person briefed on the matter said on Wednesday. As with other investors, he is expected to express dissatisfaction with the price, the person said.
With Mr. Icahn joining the opposition, the Dell deal faces longer odds.
On Feb. 27, Pandora announced that it would be putting a cap on the amount of music users could stream from mobile devices. The royalty rates Pandora pays per song are too damn high, Pandora cofounder Tim Westergren said.
The limit, introduced last week, will kick in once listeners have streamed 40 hours of music in a single month on a mobile device.
While Tim Cook has dropped hints that Apple Inc. (AAPL) is hard at work on a television to drive the next era of growth, the company’s wristwatch-style device, still in development, may prove more profitable.
Apple has filed at least 79 patent applications that include the word “wrist,” including one for a device with a flexible screen, powered by kinetic energy.
Apple’s value fell below $400bn for the first time in a year on Monday, as the prominent investor Warren Buffett said the company should ignore its critics and stick to running its business.
At the close of business in New York, the tech giant’s stock price stood at $420.05 , a 52-week low, fueling the demands of those who say it should pay back some of its $137bn cash pile to shareholders. The share price continued to fall in after-hours trading.
Everyone’s loving Netflix, Inc. these days.
Even the shorts are having second thoughts about their bearish wagers.
There were more than 15 million shares sold short this past summer as Netflix was bottoming out in the low $50s. Now that Netflix shares have more than tripled — burning more than a few of those naysayers — shares sold short have fallen to 9.7 million. It’s the first time that Netflix’s short interest has fallen below 10 million since March.
Summary: Google’s mobile operating system remains in the lead, with two-thirds of the EU market.
The real news, which has been written on analyst walls around the world for months, is that Android phones continue to out-sell iPhones by a wide margin. For all the hype, for all the hysteria, iPhones come in second to Android.