Tech Biz Cheat Sheet: Amazon Shipping Groceries, Intel Pummeled By Tablet Sales
Amazon’s (NASDAQ:AMZN) Quidsi subsidiary, which it acquired last year for $500 million, plans to offer over 10,000 grocery items for sale, providing free shipping on orders above $39.
The board of chip and IT hardware manufacturer Arrow Electronics (NYSE:ARW) has authorized a new $150 million share repurchase program. Arrow has already completed a $100 million repurchase program authorized in July.
Solar stocks are climbing higher after Yingli (NYSE:YGE) said German and Italian demand were strong. First Solar (NASDAQ:FSLR), Suntech (NYSE:STP), SunPower (NASDAQ:SPWRA), and LDK Solar (NYSE:LDK) are among those getting a boost by the news.
DisplaySearch is predicting tablet sales will grow to nearly 330 million in 2017 — that’s good news for Apple (NASDAQ:AAPL), but bad news for Intel (NASDAQ:INTC), as most tablets use ARM (NASDAQ:ARMH) processors rather than Intel x86 chips.
Though Netflix (NASDAQ:NFLX) has made its share of missteps lately, it is still expected to see a rise in Q3 earnings, which it reports today after the bell. Netflix also announced today that it plans to expand its streaming service to the U.K. and Ireland in early 2012.
Barron’s has named Fusion-io (NYSE:FIO) as its top tech stock pick for 2012, on account of expected buyout interest.
Samsung surpassed Apple (NASDAQ:AAPL) in the third quarter as the world’s largest smartphone making, shipping over 20 million phones compared to Apple’s 17.1 million. Samsung’s smartphones use Google’s (NASDAQ:GOOG) increasingly popular Android OS. However, Apple still takes the largest share of industry profits, as the iPhone’s average selling price is a hefty $643.