Back to top

Press Releases

For Immediate Release

Chicago, IL – June 29, 2012 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Google Inc. , Amazon.com Inc. (AMZN - Analyst Report), Apple Inc. (AAPL - Analyst Report), Microsoft Corp. (MSFT - Analyst Report) and NVIDIA Corp. (NVDA - Analyst Report).

 

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Thursday’s Analyst Blog:

 

Google Ventures into Tablet Market

 

Google Inc. announced its much-awaited debut into the tablet segment with the launch of its $199 tablet computer, Nexus 7. The move appears to be a direct challenge to Amazon.com Inc. (AMZN - Analyst Report), while adding yet another challenger to market leader Apple Inc. (AAPL - Analyst Report).

The tablet market has already turned into a battlefield with the presence of tablet makers. Recently, Microsoft Corp. (MSFT - Analyst Report) also jumped on the bandwagon with the launch of Surface. Of course, Apple leads the pack in terms of unit shipments with its iPad. 

Like Amazon's Kindle Fire, Google's Nexus 7 is competitively priced and has a 7-inch screen. Through this device, consumers can read digital books, listen to songs, consume other digital media and enjoy various other services that Google's Play service offers.

Nexus 7 uses a new version of Google's Android software, Jelly Bean, and uses NVIDIA Corp.’s (NVDA - Analyst Report) Tegra mobile processor that enables longer battery life and significant advantages in playing game software. As per Google, Nexus 7 will be manufactured by its hardware partner Asustek Computer Inc.

Google will start taking orders on Nexus 7 now, but shipments for the device are expected to start from mid-July. Initially, the device will be launched in the United States, Australia, Canada and the United Kingdom.

Android tablets are already available from companies such as Samsung Electronics Co., HTC Corp. and Motorola Mobility Holdings Inc., acquired by Google for $12.5 billion last month. Amazon’s 7-inch-display Kindle Fire tablet also runs on Google’s operating system while featuring many of its own services, music as well as book sales.

Some analysts at Gartner Inc. expect the Nexus tablet to compete with the Kindle Fire, given its attractive price, sleek feature, varied services and content offerings.

Nexus 7 will be the first tablet to get Google’s Nexus designation. In the past, Google has worked with manufacturers such as Samsung for Nexus smartphones to highlight the best features of Android software. But unfortunately, Google had to close it down due to weakening margins and strong competition.

Hence, we believe that though its recent purchase of Motorola Mobility will expand its expertise in wireless technology and handset design, Google will not get into the handset hardware business as it will likely pull down its margins. However, the benefits of an integrated approach to hardware and software cannot be overlooked going by Apple’s success in recent years.

So far, Apple has managed to maintain its leadership position in the tablet market.  Market research firm Gartner expects Apple and its iPad to remain the global tablet leader through at least 2016, even if it loses some market share.

The iPad will account for an estimated 46% of shipments in 2016, down from a projected 61% this year. Google’s Android-based tablets will account for 37% by 2016, up from 32%.

Google also introduced a ball-shaped computing device called the Nexus Q, which was internally designed to stream music and videos from Google's YouTube video service and its Play service. The Q device will cost $299 and will start shipping from next month.

Though Google is a market leader in online advertising, it has been trying to explore the mobile space and compete with Microsoft and others. We view Google’s decision to manufacture its own tablet as another bold move, designed to compete with Apple as it continues to encroach on the Internet-search giant's territory with major software applications.

Earlier this month, Apple introduced a number of new software products, including a mapping service that would replace Google Maps as the default system for Apple devices.

Currently, Google shares carry a Zacks #3 Rank, implying a Hold rating for the near term.

 

 

Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515.

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518.

Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Follow us on Twitter: http://twitter.com/zacksresearch

Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

Media Contact
Zacks Investment Research

800-767-3771 ext. 9339

support@zacks.com

http://www.zacks.com

 

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
SUPER MICRO… SMCI 27.00 +10.25%
CANADIAN SO… CSIQ 38.34 +8.18%
CENTURY ALU… CENX 26.97 +7.97%
WILLDAN GRO… WLDN 11.38 +5.86%
AROTECH COR… ARTX 3.78 +5.59%