Google and Samsung Delay Nexus Prime

Samsung and Google (NASDAQ:GOOG) said they would delay the announcement of the new “Nexus Prime” Android phone that was scheduled for October 11th in San Diego. The Nexus Prime was “meant to be the flagship Android phone for the holiday season, and the first to run version 4.0 of the OS,” per Seeking Alpha. The new phone was anticipated to provide competition for Apple’s (NASDAQ:AAPL) iPhone 4S, Research in Motion (NASDAQ:RIMM), Nokia (NYSE:NOK), and Microsoft (NASDAQ:MSFT).

“We believe this is not the right time to announce a new product as the world expresses tribute to Steve Jobs’ passing,” Samsung’s spokeswoman Chenny Kim said in the Wall Street Journal. The new date and venue for the announcement has not yet been released.

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Goggle’s (NASDAQ:GOOG)  stock was up 0.08% to $515.12 on Friday. Shares are down 3.96% in the last year with a 52-week range of $473.02 to $642.96. Apple’s (NASDAQ:AAPL) stock closed Wednesday at $378.22 before Job’s passing was made public, since which the stock has declined 2.33% to $369.80.

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