Weekly Highlights: Sony And Microsoft Vie For Domination, LeBron James' Big Payday And More
During the first week of June, Apple (NASDAQ: AAPL) ruled the media with countless headlines.
Neither company introduced new hardware, but their software presentations proved to be an ongoing draw at mainstream and specialty publications alike.
Elsewhere in the world of technology, China Mobile (NYSE: CHL) expanded outside of its homeland.
Apple and Beats Electronics made a huge deposit into LeBron James' bank account.
Samsung (OTC: SSNLF) diversified its tablet lineup.
Amazon (NASDAQ: AMZN) announced a streaming music service for Prime subscribers.
Disclosure: At the time of this writing, Louis Bedigian had no position in the equities mentioned in this slideshow.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Microsoft's Ongoing Evolution Continued With Xbox One
This was part of the company's ongoing evolution, which started last year with Microsoft's third game console. Xbox One initially came with a host of restrictions on game selling, sharing and renting. At the same time, Microsoft promoted the device as a set-top box, not a game console.
Having learned from those mistakes, Microsoft came to E3 as a new company -- one that is determined to sell Xbox One to gamers first, and worry about TV lovers later.Image Source: Wikimedia Commons
Sony's Game-Focused Strategy Returned To E3
Eight years ago, Sony had an Xbox One moment.
The company attempted to push its latest console, PlayStation 3, as the ultimate entertainment device.
PS3 was the first console to launch with a Blu-ray player. At the time, standalone Blu-ray players were sold for as much as $1,000.
This made the $600 PS3 look very attractive to movie lovers. But it was less attractive to gamers.
Microsoft quickly swooped in and dominated the domestic video game market. The Windows maker took that crown from Sony, which had led the industry worldwide for roughly 10 years.
That promotion continued at this year's E3, indicating that Sony might be able to maintain its dominance (which it regained last year) in 2014.Image Source: Wikimedia Commons
LeBron James Won Big With Beats
LeBron James is one of the world's highest-paid athletes. Thanks to Apple and Beats Electronics, he may be getting even richer.
The word on the street is that LeBron had a small stake in Beats, which was given to him in exchange for promoting the company's headphones. When Apple bought Beats, LeBron reportedly received a hefty paycheck of more than $30 million.
Not bad for promoting a pair of headphones.Image Source: Wikimedia Commons
Nintendo And Best Buy Teamed Up For Massive, Nationwide Event
Nintendo and Best Buy teamed up for another video game event last week, providing a rare opportunity to play a new video game before its release.
The nationwide event coincided with the 2014 Electronic Entertainment Expo, an industry-only trade show for the video game industry.
This year's Best Buy event focused on the Super Smash Bros. franchise. Hundreds of consumers lined up at each store, and at least one location couldn't meet demand.Image Source: Wikimedia Commons
China Mobile Began To Expand
Investors may not think that the world's largest cellular service provider could get any bigger.
That may eventually be true -- in China. But China Mobile is no longer content to serve customers in its homeland. The company is now looking to emerging markets in Asia, starting with an $881 million stake in Thailand's True Corporation.
IHS (NYSE: IHS) analyst Julian Watson told Benzinga that he expects China Mobile's future acquisitions to come through True Corp.
"I think True Corp will be, in effect, its conduit into the emerging market," he told Benzinga. I think it would be looking at mobile operators in…Philippines, Singapore as well."Image Source: Wikimedia Commons
Amazon Unveiled Its First Spotify Clone
Spotify's popularity has ensured that a number of competitors will rise up, hoping to take its throne.
It makes sense that Apple and Microsoft would launch or acquire a music service to compete.
But now a less obvious company, Amazon, is getting into the game as well.
The new service is part of the Prime package and is known as Prime Music.
Prime subscribers can now stream more than one million songs without ads or other interruptions.
Of course, that pales in comparison to the more than 20 million songs in Spotify's collection.Image Source: Wikimedia Commons
TweetDeck Hack Caused A (Minor) Twitter Nightmare
The retweet function is great -- as long as Twitter users are in control of this feature.
When users lose control, it can be a bit of a nightmare.
Unfortunately, that nightmare came true this week when TweetDeck encountered a number of problems that shut down the service and caused headaches across Twitter.Image Source: Wikimedia Commons
Samsung Diversified Its Tablet Lineup
Hoping to satisfy the needs of every customer possible, Samsung unveiled another batch of new tablets last week.
This time around, the company has developed an 8.4-inch Galaxy Tab S for $399.99.
Those who want a larger tablet have not been forgotten. Samsung also unveiled a 10.5-inch version of the Galaxy Tab S, which will retail for $499.99.
Both of these are Wi-Fi-only models that feature a Super AMOLED WQHD display and an octa-core Exynos 5 processor. They go on sale in July, but LTE versions will be available at a later date.Image Source: Wikimedia Commons
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