Samsung Stays Smartphone Shipment Leader, Online Travel Shares On Watch: Tech Biz Recap
Pandora Media (NYSE:P) jumped after hours Thursday on the news that music executives advise CNET that Apple’s Internet radio service is a long way from being a fait accompli. The latter is requesting more flexibility for its service than what Pandora and others can supply, but Apple is said to be pushing for a lower royalty rate and some believe that its offered reduction on iAd sales is insufficient. Meanwhile, Pandora shares have lost their late Thursday gain.
Samsung (SSNLF.PK) shipped some 56.9 million smartphones in the third quarter, according to the research firm Strategy Analytics, which pushes its market share to 35.2 percent, cementing its hold on the sector lead.
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Expedia’s impressive third quarter worldwide growth, which might well continue, has shares of peers Orbitz Worldwide (NYSE:OWW), Travelzoo (NASDAQ:TZOO), and Tripadvisor (TRIP) on watch. Orbitz is popping Friday in mid-afternoon trading.
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