Here’s Why Investors are Actively Trading Tablet PC Stocks
Apple Inc. (NASDAQ:AAPL): Shipments of 3.9M Kindle Fire tablets this quarter could move Amazon (NASDAQ:AMZN) into second place in tablets after Apple (NASDAQ:AAPL), who leads with expected shipments this quarter of 18.6M iPads, reports research firm iSuppli . iSuppli posits that Apple could cut prices on the iPad 2 with the iPad 3 rollout, the way prices were lowered on iPhone 3 with the launch of iPhone 4.
AAPL shares recently traded at $390.47, up $2.54, or 0.65%. Its market capitalization is $362.91 billion. They have traded in a 52-week range of $310.50 to $426.70. Volume today was 7,096,481 shares versus a 3-month average volume of 19,344,500 shares. The company’s trailing P/E is 14.11, while trailing earnings are $27.68 per share.
Verizon Communications Inc. (NYSE:VZ): Verizon Wireless (NYSE:VZ) (NASDAQ:VOD), despite poor sales to date, hasn’t abandoned the costly Android (NASDAQ:GOOG) tablets: Verizon aims to sell Motorola’s (NYSE:MMI) forthcoming 4G Droid Xyboard devices, according to CNET. Pricing is crucial: if Verizon finances Motorola’s tablets in exchange for service contracts, they might not be destroyed by the iPad (NASDAQ:AAPL) and Kindle Fire (NASDAQ:AMZN).
VZ shares recently traded at $37.71, down $0.06, or 0.16%. Its market capitalization is $106.76 billion. They have traded in a 52-week range of $32.28 to $38.95. Volume today was 5,989,956 shares versus a 3-month average volume of 15,817,000 shares. The company’s trailing P/E is 15.16, while trailing earnings are $2.49 per share.