Apple Faces Selling Pressure and 3 Tech Titans to Watch
Apple Inc. (NASDAQ:AAPL): Following earlier gains, technology stocks turned into the red by midday Wednesday as the broad market turned south and sector heavyweights such as Apple Inc. and Amazon.com faced selling pressure. Apple shares fell 1.3% to $513.19.
Google Inc. (NASDAQ:GOOG): According to The New York Times, a significant number of larger companies are beginning to purchase Google Inc.’s cloud-based business software known as Google Apps. Google Apps is “getting traction” on Microsoft (NASDAQ:MSFT) as Google’s product has improved.
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Microsoft Corporation (NASDAQ:MSFT): During the holiday season, Microsoft Corporation opened up a number of “pop-up” stores throughout the country as part of a broader effort to push their new Windows 8 operating system and the Surface tablet. They have about 40 stores throughout the country. Microsoft is attempting to emulate Apple’s success in the retail arena where their stores command impressive traffic and sales. Apple, in comparison, has 250 stores in the United States and 140 stores abroad, with average revenue per store of $51.5 million in fiscal 2012. This is up 19% from a year ago.
Intel Corporation (NASDAQ:INTC) has gained approval for a new patent that could augment the motion control popularized by Nintendo with a variety of safety features to protect gamers and their surroundings. United States Patent 8333661, a “Gaming System with Safety Features,” was approved earlier this month. However, Intel isn’t developing a next-generation console. Rather, they are likely to produce what sounds like a multi-core processor designed to help “avoid or minimize the probability of a collision between the user of the gaming console and the surrounding objects while the user is playing a game.”
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