Apple and Microsoft’s Gaming Battle Heats Up
Microsoft Corporation (NASDAQ:MSFT): Microsoft plans to bring the control-free Kinect motion controller to its Windows PC platforms. The strategy is to support gaming and user-interface applications. Kinect’s PC debut could also improve sales of Nvidia (NASDAQ:NVDA) and AMD’s (NYSE:AMD) graphics processors.
MSFT shares recently traded at $24.54, down $0.25, or 1.01%. Its market capitalization is $206.46 billion. They have traded in a 52-week range of $23.65 to $29.46. Volume today was 8,819,116 shares versus a 3-month average volume of 56,624,800 shares. The company’s trailing P/E is 8.92, while trailing earnings are $2.75 per share.
Apple Inc. (NASDAQ:AAPL): Apple has approved a $6.99/month iPad online gaming service from Big Fish Games. Subscription-based gaming is an area where Apple intends to spend more time focusing in 2012.
AAPL shares recently traded at $369.15, down $7.36, or 1.95%. Its market capitalization is $343.09 billion. They have traded in a 52-week range of $310.50 to $426.70. Volume today was 5,064,075 shares versus a 3-month average volume of 20,007,700 shares. The company’s trailing P/E is 13.34, while trailing earnings are $27.68 per share.