The race for market-share in the smartphone industry is set to heat up in the next three years after Huawei reiterated its desire to overtake Apple Inc. (NASDAQ:AAPL) from the second position. In an interview on Bloomberg Business, Huawei head of consumer unit, Richard Yu, said that all the smartphone makers will struggle to stay in the market except Apple, Samsung Electronics and Huawei. Huawei currently controls 7% of the smartphone market share lagging Samsung and Apple Inc. (NASDAQ:AAPL). If Mr. Yu sentiments are to be taken seriously then it means the likes of Sony and LG, which control only…
Author: Neha Gupta
GoPro Inc. (NASDAQ:GPRO)’s impressive run in the market looks to have come to a halt after JPMorgan Chase & Co. (NYSE:JPM) downgraded it to ‘Neutral.’ GoPro’s stock is already down by 5.48% in intraday trading session with CNBC’s Jon Fortt maintaining that the next catalyst for the stock should be expected sometime in January. GoPro Inc. (NASDAQ:GPRO) is banking on the frenzy that is common with the holiday season to collect a sizeable amount of revenue in terms of improved sales from its array of products. Unique products by GoPro Inc. (NASDAQ:GPRO) highlights its drive to identify various consumer needs…
Facebook Inc. (NASDAQ:FB)’s plan to get as many people as possible online has seen it introduce a new conference to its calendar to be’ named @scale. Re/code reported that the forum will remain open to people across various technology fields and will try to unravel the a number of challenges that big tech companies face once they start experiencing massive user bases on their networks. @scale will take place on September 15, 2014 and will also pay a closer look at open source software. Facebook Inc. (NASDAQ:FB) remains confident that the conference with its main pillars of mobile, data and web…
Sony Corp (ADR) (NYSE:SNE) has exited the PC business that continued to affect its margins as well as smaller businesses that did not perform to expectations according to the company’s CEO, Kazuo Hirai, who was interviewed on CNBC. The CEO reiterated that being a Japanese company has limited Sony Corp (ADR) (NYSE:SNE)’s ability to enjoy success as fast as many people would have loved. Sony continues to engage a new business strategy that has seen it transform some of its segments into subsidiaries as well as cutting ties with entities with slow growth and lower margins. “[..] We took the…
Yahoo! Inc. (NASDAQ:YHOO)’s long wait for Alibaba IPO could come to an end later in the month according to CNN Money Digital Correspondent Paul La Monica. The cash-in on the giant Chinese e-commerce company, Alibaba, will allow Yahoo to recoup around $10 billion on the sale of 40% of its stake. The biggest question at the moment is what the ailing search engine company will do with the huge cash balance. La Monica said that Yahoo! Inc. (NASDAQ:YHOO) needs the money as its CEO, Marissa Mayer, continues to soldier on with her turnaround strategy. “[…] Some people think more acquisitions.…
Tesla Motors Inc. (NASDAQ:TSLA) and Groupon Inc. (NASDAQ:GRPN) were among big movers in Tuesday intraday trading session after receiving impressive stock ratings from research firms, according to the Fast Money Crew on CNBC. Research firm, Stifel Nicolaus, has set a ‘Buy’ rating on Tesla, while RBC capital maintained a ‘Sector Perform’ rating for Groupon. Tesla Motors Inc. (NASDAQ:TSLA) hit a new all-time high of $284.89 after being upgraded by an analyst at Stifel Nicolaus with the firm currently maintaining a share price target of $400 on the stock. Improvement in production levels remains important for Tesla with optimism that the…
Palo Alto Networks Inc. (NYSE:PANW) is a stock that CNBC’s Jim Cramer rates highly in the security space, in the wake of recent hackings that have found their way into the financial sector. Cramer argues that most of the companies in the U.S remain unprotected against cybersecurity making them potential threats to hackers. Palo Alto Networks Inc. (NYSE:PANW) is currently trading in the market at the $88, with Cramer remaining bullish on the stock breaking the $100 mark. “There is one company that is one step ahead of the pack and that is Palo Alto Networks. […] It is by…
Mobile payment systems look set to be the next big thing in the tech industry according Allison &Partners Senior Vice President, Kevin Nabipour, in an interview on CNBC. His remarks come in the wake of Apple Inc. (NASDAQ:AAPL) reportedly signing agreements with Visa Inc. (NYSE:V), MasterCard Inc. (NYSE:MA), and American Express Company (NYSE:AXP), a move that will see the transformation of iPhones into mobile wallets. Apple Inc. (NASDAQ:AAPL)’s mobile payment system will allow iPhone users to make payments using their phones without necessarily having to carry cash or credit cards “I think it is quite clear that mobile payments are something…
California drive to be awarded the $5 billion Tesla Motors Inc. (NASDAQ:TSLA)’s Gigafactory looks to be fading away, after legislators left last week without deliberating on an incentive package, which was supposed to be awarded to Tesla, according to the Los Angeles Times. The move by the legislators comes as a surprise considering the Governor’s Office of Business and Economic Development had been carrying out a round of talks with Tesla Motors Inc. (NASDAQ:TSLA) with a view of being awarded the mega project. The State has prepared an incentive package, which did not go down with all involved stakeholders. Environmentalists and…
Google Inc. (NASDAQ:GOOG) looks to have budged into pressure especially from regulators in Europe as the company in a blog post has confirmed it will hold a series of consultative meetings to discuss the ‘Right to be Forgotten’ dilemma. The meetings will be used to hear what people have to say about the matter with experts also giving their opinions. According to Google Inc. (NASDAQ:GOOG), the first meeting will take place in Madrid on September 9. The advisory Council to Google on the Right to be Forgotten will then head to Rome on September 10 after Madrid. Paris will follow…
Burger King Worldwide Inc. (NYSE:BKW) agreement to acquire Tim Hortons Inc. (USA) (NYSE:THI) for $11 billion continues to elicit debate on Wall Street, especially on the motive of the merger. A valuation that represent 57% premium to last month share price also raises questions as to whether Burger King might have overpaid for the Canadian based company, according CNBC’s John Jannarone. The pace at which American companies are merging with other foreign companies in order to escape high tax bills in the U.S. continues to gain momentum, highlighted by Burger King Worldwide Inc. (NYSE:BKW)’s latest deal. In a conference call,…
Tesla Motors Inc. (NASDAQ:TSLA)’s $5 billion Gigafactory continues to be the most talked about project in the auto industry due to the economic benefits that it is set to offer anywhere it will be constructed. San Jose Mercury News reported that budget watchdog committees in five proposed states, where Tesla might eventually build its Gigafactory, have written an open letter to their governors, asking them to avoid giving too much incentives to corporations seeking to kick start projects under their jurisdictions. There is no doubt that Tesla Motors Inc. (NASDAQ:TSLA) would prefer to construct the battery factory in a state…