Microsoft LEADS Console Sales Race and 4 Heavily Traded Shares To Track
Groupon Inc (NASDAQ:GRPN): The weak European economy and unfavorable currency-exchange rates have caused gross billing to decline, according to daily deals site Groupon.
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Microsoft Corporation (NASDAQ:MSFT) has sold more consoles in the U.S. than Nintendo or Sony every month for the past 18 months. Furthermore, in a blog post in July, the company reported that its Xbox 360 captured 47 percent of all U.S. hardware sales during June, which makes it the 16th consecutive month it was able to reach 40 percent or higher.
Zynga Inc (NASDAQ:ZNGA) is investing in California and Washington lobbying efforts regarding gambling, as the social-gaming firm believes that the U.S. will not be an initial market for the possibly lucrative new line of business, according to the Wall Street Journal.
Applied Materials, Inc. (NASDAQ:AMAT) stated on Wednesday that fiscal Q3 net income dropped by over half from last year, as economic worries and a seasonal slowdown lowered demand for its chip-making equipment. The results were worse than expected by analysts and the outlook of the company was below Wall Street forecasts. Shares dropped in after-hours trading. Net income during the three months to July 29 dropped to $218 million, or 17 cents per share, from $476 million, or 36 cents per share, the previous year.
Nokia Corporation’s (NYSE:NOK) new Windows Phone 8 Lumina device is coming, meaning that the company is taking on Samsung (SSNLF), unhappy to have left its leadership role, according to The Verge. Chris Weber, who was formerly Nokia’s U.S. president and now part of its leadership team, has used Twitter to boldly call Samsung out. Now, Nokia has only a 6.6 percent market share versus Samsung with about 32.6 percent.
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