AAPL Stock News

Production of Apple Inc (NASDAQ:AAPL) iWatch to be launched in October

Apple Inc (NASDAQ:AAPL) is rumored to be planning to launch iWatch after the production of its much awaited device begins in July. Apple’s iWatch is set to become the first company’s first wearable. Although Apple itself has said less about the project, a lot of speculation has been making rounds about the device. iWatch would run on iOS with certain added features which are sure … Continue reading Production of Apple Inc (NASDAQ:AAPL) iWatch to be launched in October

GPRO NASDAQ GRPO GoPro Inc Stock Ticker Business Financial News

(NASDAQ:GPRO) GoPro Stock News and its Extreme Business Model (Video)

Wall Street. (NASDAQ:GPRO) Gopro has been the darling of Wall-Street investors this week. But shares of GoPro Inc closed at $31.33, up more than 30% from their IPO price of $24. Thursday was the first day of trading for the maker of HD high-action cameras. Now, GoPro’s stock ticker symbol is hotter than its wearable action cameras. After its IPO at $24 a share the stock shot up to $31.34. With about 123.1 million shares outstanding, this gives the company a valuation of $3.86 billion. GoPro CEO Nicholas Woodman has successfully pulled off alchemy by selling a gadget company stock as a media company to the investors. The alchemy is now worth about $3 billion out of the $3.86 billion valuation of the company.

GoPro Inc’s IPO was priced at the high end of GoPro’s expected range and raised $427 million, valuing the whole company at about $3 billion.

GoPro videos have received 500 million views on YouTube, and part of the company’s strategy is to build a media platform and start collecting ad revenue. GoPro wants to go beyond cameras. From technology to media, a new business model is born for GoPro Inc.

Extreme Business Model GoPro

Looking at the NASDAQ:GPRO fundamentals, it has a number of positives. It’s making money, and we have seen plenty of tech companies going public that have yet to turn a profit. It’s also built an exciting brand with strong growth (+87% in 2013) and close to $1 billion in revenue, despite some competition.

With headquarters in San Mateo, California, GPRO was founded in 2004 by GoPro’s CEO and Chairman Nicholas Woodman. Its first product was a waterproof camera that used film. In 2006, it launched its first digital camera. Three years later it began selling a high-definition camera.

There is a real risk factor and pressure on revenue that GoPro faces, as management acknoledges: “We operate in a highly competitive market and the size and resources of some of our competitors may allow them to compete more effectively than we can, which could result in a loss of our market share and a decrease in our revenue and profitability.”

Continue reading “(NASDAQ:GPRO) GoPro Stock News and its Extreme Business Model (Video)”

Google Stock GOOGL NASDAQ GOOGL Financial News

Android One initiative launched by Google Inc (NASDAQ:GOOG)

Google Inc (NASDAQ:GOOG) launched the Android 1 initiative on Wednesday at Google I/O. This initiative is designed for manufacturers to develop a high quality low cost device. This initiative is set to enter the Indian market this fall, with a possible Global roll out to follow soon. Indian mobile market is considered as one of the fastest growing mobile markets in the world. This Google … Continue reading Android One initiative launched by Google Inc (NASDAQ:GOOG)

Apple Stock AAPL

Apple Stock : Rumored Bigger Services in the Financial News (NASDAQ:AAPL)

Apple suppliers in China will begin mass production of its largest iPhones ever next month, according to people familiar with the plans, as the smartphone maker faces increased competition, according to a report from the Financial Times anout the Apple Inc stock (NASDAQ:AAPL). Apple is ramping up on two bigger devices, said the people, who asked not to be identified because the plans are private. … Continue reading Apple Stock : Rumored Bigger Services in the Financial News (NASDAQ:AAPL)

(NYSE:ORCL) Why is Oracle Buying Micros Systems For About $5.3B?

Software maker Oracle is buying Micros Systems Inc., which provides software and hardware to the hospitality and retail industries, for about $5.3 billion. Oracle said Monday that it will pay $68 per Micros share, a 3 percent premium to the company’s $65.77 Friday closing price. Shares of Micros gained $1.43, or 2.2 percent, to $67.20 in premarket trading Monday. Oracle said the acquisition will extend … Continue reading (NYSE:ORCL) Why is Oracle Buying Micros Systems For About $5.3B?

Facebook Stock impacted by NASDAQ:FB Business News : Outage, Android App and Slingshot

(NASDAQ:FB) This is TechNews.org selection of financial news on Facebook and the Facebook stock NASDAQ:FB, with the business impact of the new Facebook Android App, the Facebook outage and the promising Facebook’s Slingshot mobile application. Facebook is now back at 100% after a 30-minute outage. Facebook (NASDAQ:FB) is fully operational after a 30-minute outage which affected the social network’s web and mobile site as well … Continue reading Facebook Stock impacted by NASDAQ:FB Business News : Outage, Android App and Slingshot