Tech Biz Cheat Sheet: Sirius Earnings, Apple’s Product Lineup
Sirius XM Radio Inc. (NASDAQ:SIRI) third quarter report reflected a 333,000 subscriber increase to 21.3 million and a flat churn rate of 1.9 as compared to the previous quarter. The company’s average revenue per user increased $0.13 to $11.66 from the previous quarter and its free cash flow of $75 million increased from $65 million in the previous year. On quarter by quarter comparison, it represented a $165 million decline.
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Apple Inc. (NASDAQ:AAPL) may be overhauling its product lineup. According to AppleInsider, Mac Pro may be on the chopping block thanks to weak sales and cheaper alternatives for high-end needs; however, there’s mixed signals for this story. The MacBook Pro recently underwent a quiet upgrade and a Japanese Web site is reporting the company plans to introduce a new 15-inch MacBook model.
Research and consulting firm Jon Peddie Research (JPR) estimated PC graphics chip shipments jumped 18.4 percent in the third quarter as compared to the previous quarter. In a press release, total graphic chips quarterly market share had Intel Corporation (NASDAQ:INTC) at the top with 60.4 percent share, followed by Advanced Micro Devices, Inc. (NYSE:AMD) at 23 percent and Nvidia Corporation’s (NASDAQ:NVDA) in third place at 16 percent. Intel also had very strong double-digit growth in the quarter for desktops and notebooks.
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Internet Explorer’s (NASDAQ:MSFT) October PC browser market share declined to 52.6 percent according NetMarketshare data. Google Chrome (NASDAQ:GOOG) took shares away from Internet Explored while it experiences continuous growth each month. Google’s PC search share also had a good month, rising slight to 82.4 percent market share but its mobile search share was flat at 91.1 percent. Mobile Safari’s market share continues to grow with an October number of 5.43 percent. To-date, it has experienced 62.2 percent market share growth thanks to iPad users.
Sprint Nextel Corporation (NYSE:S) won a contract to become San Diego’s official wireless provider to the city’s 3,000 workers. After nine months of bidding against rivals, Sprint’s deal is two-year agreement (with an option for three additional years) at an estimated $1.3 million annually. The carrier will provide a number of devices including HTC EVO” 4G, HTC EVO” 3D, Motorola Photon” 4G, Blackberry devices and mobile broadband air card. The carrier will continues servicing 2,000 existing public safety modems already in use by the city.
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