Apple Eyes New Competition and 3 Tech Titans on the Move
Apple Inc. (NASDAQ:AAPL): Current price $503.45
Apple and Google have long dominated the smartphone market. Now, a new giant, Tizen, is rising to challenge their dominance. The Linux-based operating system is gaining steam faster than expected, with Samsung confirming that they will launch a number of Tizen-based devices this year. This suggests that it has the potential to make a major dent in the current market leaders’ share.
Google Inc. (NASDAQ:GOOG): Current price $726.84
A judge has approved Eastman Kodak’s (EKDKQ) sale of digital-imaging patents to a group of technology companies including Google Inc., Adobe and Research in Motion (NASDAQ:RIMM). The sale price is $527 million, less than Kodak originally wanted.
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Microsoft Corporation (NASDAQ:MSFT): Current price $26.95
Microsoft sold just 1 million Surface RT tablets in the fourth quarter and UBS analyst Brent Thill says it was down from a prior forecast of 2 million. In an investors note, the analyst cited two reasons for his dour projection in a single sentence — “Surface RT is a consumer device with fourth-quarter sales suffering from the difficult iPad comparison and narrow distribution.”
Intel Corporation (NASDAQ:INTC): Current price $21.90
According to DigiTimes, Lenovo (LNVGY) expects to roll out their Intel-based notebook/tablet convertibles during the first quarter of 2013. Industry sources have said that Lenovo will target the Android tablet segment.
Don’t Miss: Tablets Deliver Another Blow to the PC Industry.