Market Overview

SLIDESHOW: Google's First Game Console, Apple to Sell 300M Tablets and More from the Final Week of June

Despite the lackluster response to Google TV and Nexus Q, Google (NASDAQ: GOOG) is rumored to be building another household entertainment device.

Unlike the previous iterations, this one is reportedly dedicated to Android gaming.

Google's biggest competitor, Apple (NASDAQ: AAPL), is rumored to ship as many as 300 million tablets this year. This would amount to a shipment increase of more than 200 percent.

Samsung (OTC: SSNLF) unveiled a new TV for $13,000 -- $1,000 less than the starting MSRP of a Ford (NYSE: F) Fiesta.

This slideshow sums up another week of great tech news and stories you might have missed.

Louis Bedigian is the Senior Tech Analyst and Features Writer of Benzinga. You can reach him at 248-636-1322 or louis(at)benzingapro(dot)com. Follow him @LouisBedigianBZ

Posted-In: Apple Google Microsoft SonyNews Rumors Success Stories Tech Best of Benzinga

  • Close Next 1/10 Previous

    Google Might Build a Game Console to Combat Apple

    Google Might Build a Game Console to Combat Apple

    Google is building its first game console.

    As big as this news may be, the most surprising detail could be the device's source of inspiration.

    The search engine is reportedly developing the console as a countermeasure to the next Apple TV, which may also play games.

    Image Source: Wikimedia Commons
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    iPad Shipments Expected to Soar to New Heights

    iPad Shipments Expected to Soar to New Heights

    How many iPads can Apple ship in one year?

    The company sells an average of 15 to 20 million units per quarter. At that rate, Apple will ship no more than 80 million to 90 million units this year.

    Quantum International disagrees. The robotics company (which is also making iPad cases) believes that Apple will ship 300 million tablets this year.

    Image Source: Wikimedia Commons
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    Microsoft Opened New Stores

    Microsoft Opened New Stores

    Microsoft CEO Steve Ballmer dropped by the Somerset Collection in Troy, Michigan to open the company's 42nd retail outlet.

    It was only the second time that Ballmer came to the opening of a new location.

    Kelly Clarkson performed a free concert for the initial batch of visitors, but a hellish rainstorm cut things short after six or seven songs.

    Clarkson is also scheduled to perform today (June 29) at the Microsoft store opening at the Fashion Mall at Keystone in Indianapolis, Indiana.

    Image Credit: Louis Bedigian © Benzinga
  • Close Next 4/10 Previous

    Samsung Released a $13,000 TV

    Samsung Released a $13,000 TV

    Samsung's latest television features OLED (organic light emitting diode) technology, and the new TV costs a whopping $13,000.

    As if that wasn't enough, 70 percent of the units being manufactured are reportedly faulty due to the manufacturing process.

    Image Source: Wikimedia Commons
  • Close Next 5/10 Previous

    AOL-Style Chat Rumored for Facebook

    AOL-Style Chat Rumored for Facebook

    Facebook is developing a new feature that will allow its community of one billion members to become even closer.

    The social media giant is building a chat room that is said to be very similar to AOL's popular chat room from the '90s.

    Facebook has not said when this feature will debut, but expect kids and teens to eat it up the moment it arrives.

    Image Source: Wikimedia Commons
  • Close Next 6/10 Previous

    Apple Lost its Way

    Apple Lost its Way

    Domestically, Apple products are all the rage.

    The company has also repeatedly shown that it can inspire the masses to come to its stores.

    As long as the masses are in America, that is.

    Elsewhere in the world, Apple is reportedly losing market share to its chief competitor, Android.

    Image Source: Wikimedia Commons
  • Close Next 7/10 Previous

    Barnes & Noble Backed Off Tablet Production

    Barnes & Noble Backed Off Tablet Production

    The embattled bookseller has reportedly decided to stop producing its own tablets in-house.

    If true, this controversial decision could save the company millions in manufacturing costs.

    Instead, Barnes & Noble will rely on its partners to produce store-branded tablets.

    None of the partners were mentioned by name. If Samsung is on board, it may not be long before we see a Galaxy Nook arrive in stores.

    Image Source: Wikimedia Commons
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    Movie Studios Experimented with Early DVDs

    Movie Studios Experimented with Early DVDs

    North American consumers are often forced wait three to six months before they can purchase new films online or on DVD.

    In South Korea, movie studios like Sony and Disney have reduced the wait to just a few weeks.

    It's all part of an experimental plan to increase profit.

    Thus far, neither studio has disclosed if the plan is working.

    Image Source: Wikimedia Commons
  • Close Next 9/10 Previous

    PlayStation 4 and iPhone 5S Reigned Supreme

    PlayStation 4 and iPhone 5S Reigned Supreme

    Which devices will consumers wait in line for this year?

    More than 31 percent are prepared to wait in line to purchase a PlayStation 4 and/or an iPhone 5S.

    Only 19 percent plan to wait for an Xbox One.

    Image Source: Wikimedia Commons
  • Close Next 10/10 Previous

    Sony Started Searching for SmartWatch Development Partners

    Sony Started Searching for SmartWatch Development Partners

    Sony really hopes to win the smart watch market long before its biggest competitors enter the space.

    Thus far, very few tech giants have released a smart watch. Apple's iWatch is just a rumor. Samsung and LG's respective devices do not currently have release dates.

    This has given Sony an opportunity to cash in.

    The Japanese tech leader hopes to do so by enlisting in the help of new partners to build multiple smart watches in addition to the newly announced SmartWatch 2.

    Image Source: Wikimedia Commons
 

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