Facebook RUMORED to be Launching Phone and 4 Morning Hot Stocks Trending Now
Siemens’ (NYSE:SI) net income of 1.23 billion euros misses forecasts of 1.4 billion euros., though sales jumped 10 percent to 19.5 billion euros. Reaching the profit target of 5.2 billion – 5.4 billion euros may be a tall order due to a deceleration in the global economy, sluggish capex by customers and headwinds in industrial businesses.
According to Bloomberg, Facebook (NASDAQ:FB) is likely to launch a phone in mid-2013 in co-operation with HTC, and that the phone will run on a modified Android system. The drivers towards a phone are reportedly a focus on ad monetization and a mobile presence based on a robust app platform.
Don’t Miss: Facebook is Zynga’s New Punching Bag.
Apple’s (NASDAQ:AAPL) latest Mac OS X 10.8 (Mountain Lion) gets positive reviews mostly; latest iOS stats from Good Technology say it comprised 70.8 percent of mobile activations compared to 27 percent for Android. The iPad market share is put at 68 percent in Q2 with Android tablets at 29 percent.
Zynga (NASDAQ:ZNGA) lays the blame for its dismal results and guidance at Facebook’s door – says its app discovery platform is biased towards newer games leading to a 34 percent fall in users for live games; the $210 acquisition of Draw Something also played a role. However, online gambling, expected in the first half of 2013, may give a boost to the company’s fortunes. CEO Mark Pincus’ March sale of $200 million stock has not gone down well with the markets.
ExxonMobil (NYSE:XOM) delivers a Q2 EPS of $1.86. Revenues beat with $127.36 billion against expectations of $115.08 billion and $125.49 last year. Oil production showed no appreciable change while capex was down 9 percent to $9.33 billion.