Microsoft Corporation (NASDAQ:MSFT) is reportedly readying a wearable device, a smartwatch to be precise. The device is expected to be available in time for the holiday shopping and people with insider knowledge revealed that Microsoftâ€™s smartwatch could launch in the coming weeks. It is cited that the smartwatch will feature health-tracking functions and will be compatible with multiple operating systems including iOS and Android. Additionally, Microsoft Corporation (NASDAQ:MSFT) is expected to give the device battery life that can last up to two days in regular use.
Microsoft Corporation (NASDAQ:MSFT) seeking new revenue sources and hardware has been an area that the company is putting a lot of resources currently. The $7.4 billion acquisition of Nokia Corporation (ADR) (NYSE:NOK) was one of the strongest indications that Microsoft has a serious agenda for the hardware market.
Intel Corporation (NASDAQ:INTC) is currently giving away too much than it is getting from the mobile market. As a latecomer in the mobile chip market, Intel is offering its chips at huge subsidies to boost sales, and while the same is accelerating mobile shipments, margins are hurt in the process. The company said revenue from the mobile segment was $1 million in the latest quarter, yet operating loss was $1 billion. Nonetheless, Intel Corporation (NASDAQ:INTC) updated that it was on track to meet its mobile chip shipment target. It wants Intel chips to be inside 40 million tablet devices by the end of this year.
Intel Corporation (NASDAQ:INTC) saw its net income up 12% to $3.3 billion or $0.66 in the latest quarter. Revenue was up 8% to $14.60 billion. The PC market turned a surprise gain of 12% in sales.
Fisher Asset Management of Ken Fisher held 18.90 million shares of Intel, according to the most recent regulatory disclosure.
Experts have cited that the stock of Micron Technology, Inc. (NASDAQ:MU) could see up to 30% upside in share price. That means that the stock serves the interest of investors with long-term investment outlook. Analysts at JPMorgan Chase & Co (NYSE:JPM) also upped their view on the stock to Overweight from Neutral. Analysts have that the outlook for memory chip demand is impressive.