Weekly Highlights: Apple And Comcast Union, King's Botched IPO, Facebook Drones And More
This week Microsoft (NASDAQ: MSFT) was thought to have set a goal for tablet sales in 2014.
Intel (NASDAQ: INTC) may have done the same.
King (NYSE: KING) defended its disappointing public debut.
Facebook (NASDAQ: FB) spent $2 billion on yet another startup.
Microsoft released Office for the iPad.
And Facebook confirmed that it is in the drone business -- but not for the same reasons as Amazon.
Disclosure: At the time of this writing, Louis Bedigian had no position in the equities mentioned in this report.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Microsoft Wants To Sell 25M Tablets In 2014
The Windows maker is rumored to be targeting sales of 25 million tablets in 2014. This includes (but is not limited to) the sale of new Surface tablets.
If successful, it would represent a massive shift in the tablet market, which is currently dominated by iOS and Android.Image Source: Wikimedia Commons
King Endured Rough IPO
The IPO for Candy Crush publisher King was anything but sweet.
Nonetheless, CEO Riccardo Zacconi is confident that the company will persevere.
Zacconi told CNBC that this is the "start of a marathon," adding that the opportunity is great.
"If you believe in mobile, I don't think they're many ways to play mobile," he said. "So, games is a number one application, or sector in mobile…time spent with games is more than 70 percent on tablets; 40 percent on smartphones."Image Source: Wikimedia Commons
Facebook Bought Another Startup
Facebook seems to be interested in buying every company it can get its hands on.
Instead of another data-driven entity like WhatsApp, or another teen-targeted app like Instagram, Facebook has decided to purchase a company that no one saw coming -- Oculus VR.
Known for developing a promising virtual reality headset called Oculus Rift, Oculus VR was primarily known by the gaming community. The firm is attempting to break new ground in n the VR space, and may have inspired Sony to release its own VR headset.
Analysts are skeptical about this purchase, however. Some think it's a stretch, while others fear that Oculus VR may not have a proven path to monetization.Image Source: Wikimedia Commons
Intel's Goal For 16 Million Education Tablets
Does Intel have a 2014 goal of 16 million education tablets?
The company won't say, but the chipmaker is rumored to have commissioned 16 million orders from Foxconn and ECS.
Could some of these tablets be part of the 25 million total tablets that Microsoft hopes to sell in 2014?Image Source: Wikimedia Commons
Microsoft Launched Office For iPad
Apple has sold well over 100 million iPads worldwide. Now the company's chief software competitor, Microsoft, is looking to cash in.
The Windows maker has released the long-awaited Office apps for the iPad.
Praised by the press for their full-featured design, Office for iPad is reportedly better than the Office software designed for Surface RT.
That's great news for iPad owners, but it might frustrate those who had purchased a first-gen Microsoft tablet.Image Source: Wikimedia Commons
Analyst Shot Down Apple/Comcast Rumors
Apple and Comcast are rumored to be discussing a possible pay-TV deal, but Barclays analyst Kannan Venkateshwar doesn't think that a deal will ever materialize.
He said that Apple was only able to get into the cellular business because the company found a way to increase the profits of wirelss carriers.
Unless Apple can find a way to do the same for cable companies, pay-TV providers are unlikely to ink a comparable deal.Image Source: Wikimedia Commons
Dish And DirecTV, Together At Last?
The two largest satellite providers, Dish Network and DirecTV, are rumored to be merging again.
If successful, this merger would create the biggest of its kind -- much like the proposed Comcast/Time Warner Cable deal.
But instead of creating the biggest cable service (or even the overall biggest pay-TV provider), a Dish/DirecTV union would spawn a new satellite empire.Image Source: Wikimedia Commons
Facebook: First Virtual Reality, Then Drones
Not long after acquiring Oculus VR, Facebook confirmed that it is working on a drone project.
In short, the solar-powered drones would fly for months and provide Internet connections to new parts of the world.
This could allow Facebook to reach more consumers, tap more markets and increase its MAUs (monthly active users).
Note: The drone pictured here is not the one being used by Facebook.Image Source: Wikimedia Commons
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