2 Hot Stocks Drive Market Waves Monday
Samsung (SSNLF.PK) announces that sales of its Galaxy Note II, a phone-turned-tablet, has cruised past the 5 million mark in general sales, with the last 2 million shipments achieved in the period since November 2. The company expects the device to sell almost 20 million units, which is almost twice what its predecessor sold.
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Chrysler (FIATY.PK) has been leery of embracing advanced vehicular controls in the way of touchscreens, such as those adopted by rivals GM (NYSE:GM) and Ford (NYSE:F). Instead, Chrysler took its time over doing away with trusty knobs and buttons, and let the competition struggle with problems in the electronics and the resultant falling customer satisfaction surveys. Says Marios Zenios, Chrysler’s head of connectivity, “As long as you manage technology, it will be your friend. The minute you do something for technology’s sake, it may not work out very well for you in automotive.”
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