Squawk on the Street on CNBC quoted Reed Hastings, CEO of Netflix, Inc. (NASDAQ:NFLX), as having posted on Facebook that the company has beat HBO in subscriber revenue in the second quarter, adding that Netflix was “honored to be in the same league.” Hastings said on his Facebook page, “Last quarter we passed HBO in subscriber revenue ($1.146 billion vs. $1.141 billion). They still kick our ass in profits and Emmy’s, but we are making progress. HBO rocks, and we are honored to be in the same league.” Jim Cramer analyzed the future possibilities for Netflix, Inc. (NASDAQ:NFLX) saying that…
Author: Kavindu Harshana Ranasinghe
Repeating its usual practice of introducing their new products in September, Apple Inc. (NASDAQ:AAPL) will introduce iPhone 6 on the 9th of September. In an interview on Yahoo! Finance, Aaron Pressman, Yahoo! Finance tech reporter, said that this iPhone could be a game changer, although it cannot be guaranteed at this early stage. “This iPhone is going to look really different than the last couple of iPhones. And I think one of the complaints that has generated is ‘nothing new here, it even looks the same.’ It is going to have a bigger screen, 4.7 inch screen, from a 4 inch…
In an interview on Bloomberg’s Money Makers, Anshul Agarwal, equity derivatives strategist at Bay Crest Partners, discussed how to play NVIDIA Corporation (NASDAQ:NVDA)’s options ahead of its earnings report, and about stock market volatility. NVIDIA Corporation (NASDAQ:NVDA) is expected to release its earnings report on August 7, after the bell. Although Agarwal remains “somewhat bearish” on NVIDIA Corporation (NASDAQ:NVDA), he stated that NVIDIA Corporation (NASDAQ:NVDA) has been underperforming in the past few months, following a high-performance streak in January this year compared to their competitors. He said this does not bode well for NVIDIA Corporation (NASDAQ:NVDA). He also said that NVIDIA…
Craig Moffett, founder of MoffettNathanson LLC, in an interview on Bloomberg Television, discussed about Sprint Corporation (NYSE:S)’s decision to end talks to acquire T-Mobile US Inc (NYSE:TMUS) due to regulatory concerns. The main concern was that Washington will not accept a duopoly or even a three-way competition, as the administration demands a four-way competition at least. “[…] Sprint faces a very, very tough road now. We never thought this deal had any chance to happen so I can’t say I am terribly surprised, but it seems like, in the run-up to try to do the transaction with T-mobile, Sprint all but…
According to an internal memo obtained by Reuters, BlackBerry Ltd (NASDAQ:BBRY) is finally coming out of the storm it has been in, and seems to be on the path to growth, following a long and arduous restructuring process. A positive cash flow is expected by the end of the fiscal year. “We have completed the restructuring notification process, and the workforce reduction that began three years ago is now behind us. […] More importantly, barring any unexpected downturns in the market, we will be adding headcount in certain areas such as product development, sales and customer service, beginning in modest numbers,” John…
In an interview on Bloomberg TV’s Bloomberg Surveillance, which included the President of Sri Kumar Global Strategies, Komal Sri Kumar, and WPP CEO, Sir Martin Sorrell, was addressed the topic of advertisements in social media and their future. Google Inc (NASDAQ:GOOGL) is currently, the dominant force on the market, according to Sorrell. Google also offers much scope for advertising given its search platform. However, Facebook Inc (NASDAQ:FB) also offers its own benefits, given the breadth of its reach with video, search, mobile, and social capacity. “[…] 36% of our revenue is now coming from digital media. Every year because social media and online digital media grows…
Google Inc (NASDAQ:GOOGL) has introduced some formidable features to its Google Now, making the product more competitive to Apple Inc. (NASDAQ:AAPL)’s Siri. In a recent post, re/code has presented some features of the Google Now, in order to provide some hints for users of Google’s Android OS. Google Now is available on many devices, with slight variations in the user experience. It functions from within, lining up information even before the command is given. There is no dedicated key for Google Inc (NASDAQ:GOOGL)’s Google Now, unlike with Apple Inc. (NASDAQ:AAPL)’s Siri. The application also works from the Google Search app. However, it does offer some benefits…