Amazon
likely to launch new tablet
Nokia Corporation (ADR) (NYSE:NOK) has launched its
Lumia phones. Now it is Amazon.com,
Inc.(NASDAQ:AMZN)’s turn to launch new tablets.
The largest online retailer is expected to unveil a new version of the
Kindle Fire and also another tablet with an update of the Kindle e-reader. It
is basically competing with Apple, Google and other technology companies who
are also selling their tablets and smartphones.
Amazon’s objective is not to make money on these
devices but rather have as many people buying them. When these people later use these same
devices to buy the company’s e-books, games, apps, music and other digital
content which carry higher margins, Amazon makes its profits.
What
Investors Can Expect From AMZN’s Upcoming Event? Find Out Here
Amazon is selling more and more digital content and
it wants to make sure that consumers have the devices to buy them. That is why, last year, Amazon introduced a
tablet at just $199 way below the price offered by competitors on similar
products. While the new gadget was not welcomed
very enthusiastically, it managed to capture one fifth of the tablet market in
the U.S.
Shares of AMZN soared 2% to $251.11 and made an all
time high of $252.27 earlier in the session.
Analysts
Continue To Boost LinkedIn’s stock
Shares of Linkedin Corporation(NYSE:LNKD) jumped
another 4% to $117.89 after soaring 5.50% in the previous trading session.
Yesterday, investment bank Jefferies and Co. has
upgraded the stock of LinkedIn from hold to buy, with a price target of
$142. The investment bank’s analysts are
of the view that the company will perform well in the near term and will
provide “the most differentiated, effective products out there”.
The LinkedIn stock had debuted on the bourses in May
2011, priced at $45. It has been the
most successful IPO of social networking companies ever. The advantage that LinkedIn has is that it
can sell a variety of services. In fact
it has a hiring solutions unit, a marketing unit which sells ads as well as a
group which handles premium subscriptions.
Will
LNKD Bounce Back To New Highs? Find Out Here
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