4 Tech Stock Stories that Investors Should Ponder
Verizon Communications (NYSE:VZ): Current price $43.37
The public should see the intro of the streaming movie service Redbox Instant by Verizon prior to the end of the first quarter, according to the venture’s Chief Executive Shawn Strickland Wednesday at a CES 2013 breakfast. The service will compete with Netflix, Hulu, Amazon, and other like players, but Redbox has the advantage of 42,600 physical kiosks nationwide that offer new releases. Redbox Instant subscribers will receive monthly DVD rental credits and unlimited streaming for $8 per month. Strickland said that, “We’re doing the invitation-based beta now… but we will launch sometime later this quarter. Movies are the core of the Redbox brand, and movies are underserved in this space.”
Apple (NASDAQ:AAPL): Current price $517.76
Apple is developing a less expensive iPhone, said a Wall Street Journal report on Tuesday. Although it is not at all clear what the price of a device fitting that criterion might be, if it does launch, the question showcases a reality that the company faces, namely the high cost of the iPhone globally. One possible solution is that Apple has reached arrangements with certain carriers that will subsidize a portion or all of the bill, a plan that is especially seen in the United States and in parts of Europe. Models more than a year old are even out of the budgets of many customers, hence an even cheaper iPhone.
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Research In Motion (NASDAQ:RIMM): Closing price $11.79
At the 2013 Consumer Electronics Show, RIM’s Chief Marketing Officer Frank Boulben reported that his company will release a minimum of six BB10 devices in 2013, starting with an all-touch device and a phone with a Qwerty keyboard, which will be announced on January 30th. Further, the firm intends to eventually attain a range of price points at the high, middle and lower end of the market with its BB10 devices, according to Boulben. However, he also revealed that RIM has no exclusive arrangements with carriers for BB10 in any markets and thus will be free to pursue different market segments with its new platform and devices, commenting that, “We intend over time as we transition the portfolio to have a full range of devices.”
Microsoft Corporation (NASDAQ:MSFT): $26.31
Microsoft’s existing Messenger service is retiring on March 15th, says The Next Web, affirming that the company is set to make the move from Messenger to Skype. However, Messenger will still be available in China.
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