3 Tech Titans Making Noise: Apple’s iPhone Share Swells, Nokia’s Big Buyout, Amazon’s Matchbook
Apple Inc. (NASDAQ:AAPL): A new Kantar report indicates that Apple’s smartphone share has grown to 43.4 percent, a 7.8 percent leap from where the iPhone sat a year ago. The U.S. remains Apple’s strongest market, though the U.K. saw an identical surge of 7.8 percent during the same period. The growth was almost in direct correlation to Android’s 7.6 percent decrease, though combined, the two platforms account for 94.5 percent of smartphones in service.
Nokia Corp. (NYSE:NOK): Shares of Nokia are racing over 35 percent on the news that Microsoft (NASDAQ:MSFT) will be purchasing its mobile devices unit for $7.2 billion. While Nokia investors are thrilled, Microsoft’s sell side is less enthusiastic. Some believe the price tag was too high, and others are contending that Nokia CEO Stephen Elop is now the frontrunner as Steve Ballmer’s replacement. Roughly 32,000 Nokia employees will be joining Microsoft. Elop has resigned as CEO of the Finnish company to avoid any potential conflicts of interest.
Amazon.com Inc. (NASDAQ:AMZN): Amazon is now offering Kindle copies of books that customers have already bought the print copy of at any time in Amazon’s history for $2.99 or less — even free, in some cases. Known as Kindle MatchBook, the program initially supports more than 10,000 titles and is expected to give some revitalization to the slowing e-book market, which has seen a large decline in market growth.
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