Google
Inc (NASDAQ:GOOG)’s Nexus 7 in Japan gives Sony competition
Google Inc(NASDAQ:GOOG) has started selling its
Nexus 7 tablets in Japan giving the Japanese Company Sony some tough
competition in the tablet space. Sony Corp’s tablets also run on Google’s
operating system. With tablets getting to be increasingly popular for online
content search, Google is trying to assume a bigger role in the market, hoping
to keep its web services at the forefront.
The Nexus 7 measures 7 inches diagonally and has a
starting price of 19,800 yen or $250. The product will hit Japanese store
shelves on October 2. Although the devices are already available in the U.S.,
Canada, UK, France, and Germany, Japan is the first Asian country to sell the
gadget.
According to Google’s Executive Chairman Eric
Schmidt, the company’s Android operating system on smartphones and other
devices currently has 500 million users. He has also said that the launch of
Nexus 7 in Japan, will lead to a startup boom in the country.
As of now, Apple’s iPad is the leader in the tablet
market. Amazon’s Kindle, Barnes and Noble’s Nook and Samsung’s Galaxy are the
other prominent players.
Shares of GOOG rose another 0.65% to record high of
$754.30 after soaring over 2% in yesterday’s session on ad
business optimism.
Facebook
Inc (NASDAQ:FB)’s decline continues on concerns of mobile user growth
Fresh concern among Facebook Inc(NASDAQ:FB) investors
about growth in the number of the social networking site’s users on mobile
devices has led to shares tanking to $20.79, down 9.1 percent. The stock is now
trading at 45 percent below listing price.
To add fuel to these concerns, Barron’s
has said that the stock is overvalued and that the price may drop to $15. It
also expects that fresh lockup expirations due in October and November will
keep the stock price down for some time.
The stock had started rising earlier in September
when Mark Zuckerberg had addressed a conference and admitted to the mistakes
the company had made in the past and the future mobile growth prospects.
Shares of FB had tumbled 9% in yesterday’s session.
The stock is now up 1.50% to $21.10.
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