Microsoft Corporation (NASDAQ:MSFT) announced this morning that in partnership with BesTV New Media Co., a subsidiary of Shanghai Media Group, Xbox One will launch into China in September of this year. The all-in-one games and entertainment system will be the first of its kind to launch in the country, creating mutual opportunities for developers in China to bring their creative content to life both at home and abroad. Xbox One will offer content such as games, entertainment, education and fitness experiences.
Analysts have a consensus price target of $37.54 on Microsoft Corporation (NASDAQ:MSFT) which indicates a 5.81% downside. The consensus rating of the stock is a HOLD with a score of 2.24. There are currently 19 Hold Ratings, 11 Buy ratings and 3 Sell ratings on the stock. The most recent analyst action consisted of RBC Capital boosting their price target on the stock from $37 to $44.
According to Bloomberg, an Apple Inc.(NASDAQ:AAPL) lawyer told a jury at a $2 billion trial that Samsung Electronics Co. (005930) made itself a dominant player in the smartphone industry only by copying the iPhone maker on “feature after feature” over several years. Apple and Samsung each presented two hours of closing arguments yesterday after almost four weeks of testimony at their second U.S. trial over dueling claims of patent infringement. Jury deliberations began yesterday afternoon and are scheduled to resume today.
Analysts have a consensus price target of $615 on Apple Inc.(NASDAQ:AAPL) which indicates a 4% upside. The consensus rating of the stock is a BUY with a score of 2.71. There are currently 9 Hold ratings, 2 Sell ratings and 30 Buy ratings on the stock. A recent analyst action consisted of Deutsche Bank initiating coverage of the stock with a Buy rating and $650 price target.
Irish data protection regulators should have investigated allegations first raised by Edward Snowden that Facebook Inc. (NASDAQ:FB)’s Irish unit transfers data to U.S. spies, a lawyer for an Austrian student told an Irish court. Max Schrems, a law student at Vienna University, is challenging the Irish Data Protection Commissioner’s refusal to investigate whether his data was sent by Facebook to the U.S. National Security Agency. Analysts have a consensus price target of $74.11 on Facebook Inc. (NASDAQ:FB) which indicates a 28% upside. The consensus rating of the stock is a BUY with a score of 2.84. There are currently 6 Hold Ratings and 32 Buy ratings on the stock.