Microsoft Attacks Home Entertainment Space

Microsoft Corp (NASDAQ:MSFT) is beefing up the functionality of its Xbox consoles. Effective tomorrow, Xbox owners will be able to use the Kinect motion controllers to control and browse music, movies, TV, and games, either vocally or with a wave of the hand.

MSFT announced sweeping changes that will transform the Xbox Live gaming service as a multi-function platform useful for shopping, entertainment, gaming and cloud storage. “We think you’re going to use one device for movies, music and games in the future,” said Ross Honey, general manager of Xbox Live entertainment and advertising. “We want to make the content accessible and enhance the actual experience. We think you will want to watch it on Xbox as it is more social and more personal.”

Calling it the future of TV, Microsoft has launched a user interface for the Xbox 360 console’s dashboard. Microsoft, it appears, has gone a long way towards realizing its original vision of turning the Xbox 360 into a gateway for all living room entertainment.

Here’s how home entertainment players are trading now:

Microsoft Corporation (NASDAQ:MSFT): MSFT shares recently traded at $25.62, up $0.4, or 1.59%. They have traded in a 52-week range of $23.65 to $29.46. Volume today was 7,609,241 shares versus a 3-month average volume of 56,201,700 shares. The company’s trailing P/E is 9.31, while trailing earnings are $2.75 per share.

Apple Inc. (NASDAQ:AAPL): AAPL shares recently traded at $394.97, up $5.27, or 1.35%. They have traded in a 52-week range of $310.50 to $426.70. Volume today was 1,940,922 shares versus a 3-month average volume of 19,312,400 shares. The company’s trailing P/E is 14.27, while trailing earnings are $27.68 per share.

Google Inc. (NASDAQ:GOOG): GOOG shares recently traded at $625.50, up $5.14, or 0.83%. They have traded in a 52-week range of $473.02 to $642.96. Volume today was 419,899 shares versus a 3-month average volume of 3,159,290 shares. The company’s trailing P/E is 21.32, while trailing earnings are $29.34 per share.

Netflix, Inc. (NASDAQ:NFLX): NFLX shares recently traded at $66.53, up $0.16, or 0.24%. They have traded in a 52-week range of $62.37 to $304.79. Volume today was 801,544 shares versus a 3-month average volume of 10,067,000 shares. The company’s trailing P/E is 15.12, while trailing earnings are $4.40 per share.

Sony Corporation (NYSE:SNE): SNE shares recently traded at $17.96, up $0.19, or 1.07%. They have traded in a 52-week range of $16.16 to $36.97. Volume today was 40,116 shares versus a 3-month average volume of 1,297,590 shares. The company’s trailing earnings are $-4.59 per share.