Microsoft is in Trouble and 2 Other Heavily Traded Stocks
BlackBerry (NASDAQ:BBRY): Current price $15.01
BlackBerry is bailing on its music-sharing service BBM Music in June, subsequent to a review of its strategy, says Bloomberg. BBM Music is priced at $4.99 per month, and will be discontinued on June 2 with subscribers given 30 days free access to the RDIO music service, the Waterloo according to BlackBerry in a Thursday e-mail. The firm did not elaborate on reasons for the service, which debuted in August 2011, shutting down or whether it was profitable.
Best Buy Co. (NYSE:BBY): Current price $25.01
Shares popped on Thursday on word that the retailer wants to create store-within-store kiosks for Samsung products, representing a vote of confidence from a major consumer electronics store that the brick-and-mortar format remains an important venue through which sell products, said the Associated Press. Recently, Best Buy has suffered the “showrooming” effect as increasing numbers of shoppers browse in stores and then buy the items cheaper online, which has led to fears that the big-box store format is becoming obsolete. But this company has aggressively fought back under new turnaround expert Chief executive Hubert Joly, who debuted an online price-matching policy, allowing employees extra training while lowering costs and revamping stores.
Microsoft Corporation (NASDAQ:MSFT): Current price $28.47
The technology research and advisory firm Gartner released a report on Thursday, forecasting that by 2017 shipments of devices employing Google’s (NASDAQ:GOOG) Android operating system will hugely surpass shipments of Microsoft Windows PCs and phones. Shipments of Apple (NASDAQ:AAPL) iPhones and iPads will be nearly equal with products powered by Microsoft. Henry Blodget at Yahoo Finance remarked that “Microsoft could be completely irrelevant in three or four years if they can’t make headway in the smartphone or tablet market, where they’ve been struggling.”
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