Androids Race to Control the Tablet Market
Android (NASDAQ:GOOG) tablets have managed to grab 39.1 percent of the tablet market, shipping 10.5 million units, according to Strategy Analytics. That data reflects all tablets based on the Android system. That’s a lot of competition and includes a wide range of tablet devices. So Android-based tablets have the second largest share of the tablet market.
Sounds impressive, but given the number of competitors and all the devices, someone else has the best market share. A company with two devices that are very similar. Two devices that pretty much do all the things other tablet makers are trying to do, just not at the same time. A company that just set record earnings.
If you really want a tablet, are consumers settling for something that costs less, does less, and may have operating system issues? Chances are you want quality. Who is currently providing that quality? Apple’s (NASDAQ:AAPL) iPad has 57.6 percent of the market according to Strategy Analytics shipping 15.4 million units worldwide. Over 500 million more units than all those companies in second place combined.
Here’s how these stocks are closing the week:
Google Inc. (NASDAQ:GOOG): GOOG shares recently traded at $576.46, up $8.36, or 1.47%. They have traded in a 52-week range of $473.02 to $670.25. Volume today was 2,542,726 shares versus a 3-month average volume of 3,060,420 shares. The company’s trailing P/E is 19.37, while trailing earnings are $29.76 per share.
Apple Inc. (NASDAQ:AAPL): AAPL shares recently traded at $445.99, up $1.36, or 0.31%. They have traded in a 52-week range of $310.50 to $454.45. Volume today was 6,746,343 shares versus a 3-month average volume of 12,824,500 shares. The company’s trailing P/E is 16.11, while trailing earnings are $27.68 per share.