Apple Dip Continues and 3 Tech Titans on the Move
Google Inc. (NASDAQ:GOOG): Current Price: $724.23
It has been only days since the company’s last wind energy investment, and Google has donated $2.65 million to the Energy Foundation lobbying organization that it views as being able to encourage “policy reforms that will lead to more intelligent energy use.”
Microsoft Corporation (NASDAQ:MSFT): Current Price: $27.00
On January 15, the company decided to go public with its product portfolio for the management of iOS, Android, Windows 8, Windows RT and Windows Phone 8 devices from the cloud. Microsoft officials shared the details concerning Microsoft’s so-called Cloud OS management plans via a 30-minute Webcast for press and analysts.
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Apple Inc. (NASDAQ:AAPL): Current Price: $489.35
On Monday, the company’s shares dropped below the $500 mark after reports surfaced that the company had cut orders for certain iPhone parts as a result of weaker-than-expected demand for the most recent version of the smartphone. The selling continued Tuesday following the reduction of the company’s earnings estimates by analysts at Nomura Securities, who also warned that profit margins on the iPhone “are unsustainably high and will fall…We are cutting our Apple estimates this morning to reflect weaker-than-expected sales of the iPhone 5 as indicated by our checks,” Nomura analysts claimed via a report.
Intel Corporation (NASDAQ:INTC): Current Price: $21.88
On Januarly 17, it is possible that Intel could report a profit slump of almost 29 percent to 46 cents a share. This comes after three straight quarters of declines or no growth due to the consumers’ move to purchase more tablets and smartphones instead of personal computers.
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