Apple Dominates Smartphone Market and 2 Tech Titans on the Move
Apple Inc. (NASDAQ:AAPL): New data from Kantar Media indicates that Apple’s iPhone accounted for 48.1 percent of U.S. smartphone sales during October, as Android (NASDAQ:GOOG) accounted for 46.7 percent, according to Business Insider. Analyst Dominic Sunnebo has stated that the last time iOS overtook Android in the U.S. was due to the release of the iPhone 4S.
Google Inc. (NASDAQ:GOOG): In a statement that it transmitted a press release for ICOA,PRWeb says, “that we have since learned was fraudulent. The release was not issued or authorized by ICOA. Vocus reviews all press releases and follows an internal process designed to maintain the integrity of the releases we send out every day. Even with reasonable safeguards identity theft occurs, on occasion, across all of the major wire services. We have removed the fraudulent release and turned the matter over to the proper authorities for further investigation.” Yesterday, PRWeb reported that ICOA was acquired by Google.
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Intel Corporation (NASDAQ:INTC): Desktop and laptop sales to millions of first-time computer buyers in Indonesia will probably show a significant boost to revenue at Intel Corp., and it will likely offset some of the ground that was lost in more-mature markets where consumers have begun to rely on tablets. Desktops and laptops using Intel’s chips will likley surge in Southeast Asia’s largest economy since increasing incomes will allow more people to purchase computers. Intel has struggled in more-developed markets, due to increasing sales of smartphones and tablet computers not using Intel’s processors. Not long ago, the U.S. chip company’s global sales were so bad that Intel reduced production this quarter. Intel’s global sales saw a 5.5 percent decline from the previous year’s last quarter, but the company’s Indonesian sales has the potential to climb over 20 percent during the year, stated Uday Marty, who is Intel’s Singapore-based managing director of Southeast Asia. Now, fewer than one in ten Indonesians own computers, and there is a lot of possibility to keep growing at that rate, he said.
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