Weekly Tech Highlights: New Video Game Consoles Could Struggle In China, Amazon's Bragging Rights And More
Apple Inc. (NASDAQ: AAPL) is just a couple weeks away from reporting its fiscal Q1 2015 results. Investors are salivating for the final numbers, which could set the stage for the coming months.
Did the tech giant win big during the December quarter? Analysts think the answer is yes.
Amazon.com, Inc. (NASDAQ: AMZN) sellers sold more than two billion items in 2014, but where are the profits?
Last but not least, Sony announced the price of its monthly streaming game service, PlayStation Now.
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.
Apple's Quarterly Results Could Be Hugely Successful
Global Equities Research analyst Trip Chowdhry has big expectations for Apple's future.
"I think this is a wakeup call for all the analysts," Global Equities Research analyst Trip Chowdhry told Benzinga. He was referring to Apple's record-breaking App Store sales.
"More developers equals more applications, [which] equals more devices being sold," Chowdhry added. "This is the only reason why Apple will be wickedly successful and where the competition will be a total failure because the competition is clueless about the winning equation."Image Source: Wikimedia Commons
PlayStation 4, Xbox One May Not Sell Many Units In China
It could be a long time before the Chinese market responds to new game consoles.
Xbox One has already arrived in China. PlayStation 4 will ship later this year.
That's the good news. The bad news is that they may not be able to collectively sell one million units in 2015.Image Source: Wikimedia Commons
Mini PCs Have A Big Future
You know a concept has begun to take off when the big players get involved.
Hewlett-Packard and Intel are developing their own miniature PCs. HP's Pavilion Mini Desktop looks like a Mac Mini competitor and starts at $319.99. Intel's $149 Compute Stick brings a Windows 8.1 PC to any HDTV.
"The Stream [laptop] actually did well," Rob Enderle, principal analyst at Enderle Group, told Benzinga. "You might argue that going after the low-end market is inconsistent with the premium brand that HP tries to carry everywhere else. But in terms of being successful, the PC unit has been one of HP's shining stars over the last half year."Image Source: Wikimedia Commons
Amazon Help Sellers Move Two Billion Items, But…
Amazon helped sellers move more than two billion items last year. Despite this success, the company is anything but a profit house.
"They carefully manage to never make any money," Dan Miller, senior analyst and founder of Opus Research, told Benzinga. "[CEO Jeff] Bezos is conditioning [investors] to be patient. He's still making pledges on five different fronts. That's a lot of wars to fight."
Rob Enderle, principal analyst at Enderle Group, thinks that the only way Amazon will survive its many battles is if the company "keeps moving the company as fast as possible."
If Bezos pivots and starts focusing on the financial elements, Enderle said that the competitors "will probably eat him up and he knows that."Image Source: Wikimedia Commons
PlayStation Now Might Be A Great Deal - Eventually
If the $20 monthly fee sounded a bit extreme, wait until the company adds more content.
"It is pretty expensive for the games offered, but we shall see if consumers embrace it," Wedbush analyst Michael Pachter told Benzinga. "The technology is fine, and I am sure it will work flawlessly. Over time, they are going to add some games, so it may end up being a bargain."Image Source: Wikimedia Commons
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