Technology Sector Review: Intel Launching New Platforms, China Pushing Solar Power
Trina Solar Limited (NYSE:TSL), First Solar, Inc. (NASDAQ:FSLR): China will look to reduce the price of solar power in the country to 0.8 yuan per kWh by 2015 and 0.6 yuan per kWh by 2020, the country announced in a five year plan, according to China Daily. The country will also look to increase production of solar panels and materials, the publication added.
TSL shares closed at $7.80, down $0.83, or 9.62%, on the day. Its market capitalization is $619.32 million. FSLR shares closed at $35.58, down $1.62, or 4.35%, on the day. Its market capitalization is $3.07 billion.
Apple Inc. (NASDAQ:AAPL): According to a message on Apple’s (NASDAQ:AAPL) Web site, “Due to recent patent litigation by Motorola Mobility (NYSE:MMI), iCloud and MobileMe users are currently unable to have iCloud and MobileMe email pushed to their iOS devices while located within the borders of Germany. Affected customers will still receive iCloud and MobileMe email, but new messages will be downloaded to their devices when the Mail app is opened, or when their device periodically fetches new messages as configured in iOS Settings. Apple believes Motorola’s patent is invalid and is appealing the decision.”
The shares closed at $522.41, up $6.02, or 1.17%, on the day. Its market capitalization is $487.08 billion.
Microsoft Corporation (NASDAQ:MSFT): According to the latest research from Strategy Analytics, Microsoft (NASDAQ:MSFT) global smartphone shipments grew 36% sequentially to reach 2.7 million units in the fourth quarter of 2011. Nokia (NYSE:NOK) captured top position as the world’s number one Microsoft smartphone vendor for the first time ever. Alex Spektor, Associate Director at Strategy Analytics, said, Nokia overtook HTC and others to become the world’s largest Microsoft smartphone vendor with 33% market share. Nokia’s global Microsoft smartphone shipments hit 0.9 million units, as distribution of its Lumia family expanded across numerous countries and operators.
The shares closed at $31.48, up $0.11, or 0.35%, on the day. Its market capitalization is $264.14 billion.
The shares closed at $26.70, up $0.04, or 0.15%, on the day. Its market capitalization is $135.96 billion.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.
To contact the reporter on this story: Stella Mariz at firstname.lastname@example.org
To contact the editor responsible for this story: Damien Hoffman at email@example.com