3 Tech Titans Making Noise: Apple’s Strong Numbers, Microsoft’s Surface 2, Blackberry Gets Bought Out
Apple Inc. (NASDAQ:AAPL): Shares of Apple are once again flirting with $500 as the company reports that it sold 9 million iPhones in the opening weekend for the 5S and 5C. While record breaking (and nearly double several analyst estimates), that’s only part of Apple’s stock show on Monday. Over 11 million unique listeners “have already tuned in to iTunes Radio,” while it looks like Apple’s September quarter guidance will hit the high ends for revenue and margins, according to its 8-K.
Microsoft Corp. (NASDAQ:MSFT): Microsoft has released its updated Surface 2, its new RT tablet. The refreshed unit offers a better display than the Surface RT (1080p, versus 1366×768), a revamped kickstand, improved battery life (Microsoft promises a 25 percent improvement), and an Nvidia Tegra 4 CPU, up from the RT’s Tegra 3. The Surface 2 will start at $449, the Pro 2 will start at $899. Microsoft also announced today there are now 100K apps in the Windows Store, up from 10K a year ago. The Windows Store covers both Window 8 and RT apps.
Blackberry (NASDAQ:BBRY): Blackberry has agreed to a deal with Fairfax Capital Hodings by which Fairfax will buy all outstanding shares of the company at $9 per share. This values the company at approximately $4.7 billion. It is uncertain exactly which direction Fairfax will take with the company, which has seen steadily declining market shares over the last few years.
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