Apple Loses Top Spot and 3 Tech Titans on the Move
Apple Inc. (NASDAQ:AAPL): Current price $438.67
In trading Friday, shares of Apple Inc. dipped below $441 a share, reducing their market cap to $413.96 billion which is below Exxon’s (NYSE:XOM) $416.95 billion. Last year, investors and analysts swooned as Apple shares soared and they surpassed the oil giant’s longstanding No. 1 spot.
Google Inc. (NASDAQ:GOOG): Current price $755.44
Google Inc. has applied to the Federal Communications Commission for permission to test an experimental wireless system, a possible prelude to providing mobile data service on a broad scale. Steven J. Crowley, a consulting wireless engineer, published a blog post about Google’s application, noting that some of the application and exhibits have been designated confidential.
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Microsoft Corporation (NASDAQ:MSFT): Current price $27.89
Microsoft reported revenues of $21.5 billion for their second fiscal quarter which ended December 31. The sum was a company record, representing an increase of almost 3% over the $20.9 billion that was generated in sales over the same period a year ago. Even so, the performance, which was consistent with analyst estimates, was something of a mixed bag with profit slipping to $6.38 billion, or 76 cents per share, down about 4% from $6.62 billion, or 78 cents per share.
Intel Corporation (NASDAQ:INTC): Current price $20.94
Intel Corporation’s efforts to establish themselves more in the smartphone market appears to making some progress with the launch of the first Intel-based smartphone in Africa. The Yolo smartphone, based on an Intel reference design and uses the Lexington Atom chip, Z2420, is being sold by Kenyan mobile operator Safaricom.
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