Weekly Tech Biz Cheat Sheet: Apple’s Flood of Updates, Groupon Expands in Europe

Read Trending Stories

Today's Trending Stocks

Click a Company to Research Now:

Netflix (NASDAQ:NFLX) launched its streaming service for the U.K. and Ireland. The company is offering the service for 5.99 pounds/month in the U.K and 6.99 euro/month in Ireland, and has established a long list of content partners. Concerns exist about Netflix’s licensing costs, as well as competition from Amazon’s (NASDAQ:AMZN) Lovefilm subsidiary.

Don’t Miss: Artists Question Spotify’s Payment Structure.

GameStop (NYSE:GME) said it expects same-store sales for the fourth quarter and full-year 2011 to be down 1% to 2%. This expectation comes after sales of new game titles only slightly offset a sharp decline in hardware sales over the holiday period. The firm notes that it retired the remainder of its long-term debt and starts off 2012 with a debt-free balance sheet.

Apple’s (NASDAQ:AAPL) shipments are believed to have held steady, thanks in part to a 20% quarter over quarter shipment increase for the MacBook Air. The notebook relies on flash memory for storage instead of a hard drive. Digitimes Research estimates global notebook shipments fell 8.7% quarter over quarter in the fourth quarter, typically a seasonally strong quarter, thanks to the hard drive shortages caused by lost Thai manufacturing capacity.

Groupon (NASDAQ:GRPN) and Deutsche Telekom plan to cooperate on mobile Internet businesses, though the details are a bit vague. Deutsche Telekom says it’ll “start some services and activities with Groupon in the coming months.”

Apple’s (NASDAQ:AAPL) share of the United States smartphone market rose in the fourth quarter. It jumped from 26% to 43%, mostly at the expense of Android (NASDAQ:GOOG), which slipped from 60% to 47%, and Blackberry (NASDAQ:RIMM), which continues its slide hitting 6%, compared to 8% in the third quarter and 19% a year earlier

Get Your FREE Special Report: 4 Things You Must Know About the US Economy Now!

Do You Want More Profits? Wall St. Cheat Sheet Premium newsletter subscribers have been crushing the markets with winning stock picks.

Click here now for your FREE trial to our acclaimed flagship newsletter:

Learn More

Advertisement:
Improve your Investing Portfolio with Wall St Cheat Sheet Premium

Intelligent Investing

Wall St. Cheat Sheet Premium

Tired of wasting time and money sifting through the noise on TV, websites, and Twitter? Get winning stock picks now.

Gold & Silver Premium

Join Chicago Mercantile Exchange commentator Eric McWhinnie as he covers Gold & Silver for you.

Commodities Premium

Commodities are heating up. This is an investment newsletter you'll need to win in the bull market.

Wall St. Cheat Sheet has been featured in these fine media outlets: