and served on Apple bogus big screen iPhone 6. Cook - no new products for four years but a bigger iPhone screen coming. HA
Amazon keep growing and growing and growing. $350 by Friday - Its possible
E-commerce giant Amazon is planning a streaming music service of its own in order to join the ranks of virtually every other tech company in existence, according to the New York Times. The streaming feature would give Amazon Prime subscribers free access to a library of thousands of songs, sans any advertising. It won’t include new releases, however, and Universal Music Group artists will be left out, according to the report.
and we should do better tomorrow as overall market settles down and Amazon heads back over $340 a share.
and that date certainly does not make Apple Investors very comfortable. Wonder if Apple sell off on the 17th or the morning of June 18th, just prior to Bezos going live with 3D smartphone.
Amazon is rumored to be launching a Pandora-like (P_) music streaming service tomorrow, sources told the New York Post. The service will be available to Amazon Prime subscribers, the online market place's paid shopping membership option. Sony Music and Warner Music Group have reportedly signed on to license their music to the Amazon service, Universal Music also was approached but will probably also do a deal, the Post said. Analysts now say Amazon could be a major play in music steaming business for years to come,
Amazon is rumored to be launching a Pandora-like (P_) music streaming service tomorrow, sources told the New York Post. The service will be available to Amazon Prime subscribers, the online market place's paid shopping membership option. Sony Music and Warner Music Group have reportedly signed on to license their music to the Amazon service, Universal Music was also approached but has yet to agree to the deal, the Post said. Analysts now say Amazon could be a major play in music steaming business.
"Whoa, Nellie" This news on top of 3D phone next week. Unbelievable,
and its seems to be gaining ground on Apple daily. As Apple stock slowly sinks after split Amazon stock catches fire heading into June 18 presentation and now Streaming Music.
Brussels opens tax probe into Apple
Rather go long with a company that might hit a Home Run next week with 3D phone, then hold Apple since its now under a major EU investigation. Cook might get caught in a serious tax invasion scheme, so I feel better selling out and going long Amazon.
Seems Motley Fool sees more potential for Amazon stock (to go higher) over the short and long term then Apple. And from the way Amazon is trading today, it appears stock market agrees with MF.
According to Goldman, Amazon's risk/reward trade-off is one of the best in the sector. "While concerns over Amazon Web Services (AWS) pricing, slowing Media growth, and ongoing margin pressures are likely to persist, we believe -- given its track record of delivering consistently high returns on invested capital -- the ongoing investment in fulfillment and infrastructure will widen Amazon's competitive lead through initiatives such as Fresh, AWS, digital media, and faster fulfillment and product availability, driving incremental growth and, ultimately, profitability," said Terry. When you couple that upbeat outlook with Amazon's rock-solid balance sheet and still-sluggish stock price, it's tough to disagree with Goldman's bullishness.
and in your bones you know all Tim Cook will say at next CC is "Be Patient We Have Great New Products Coming". He has used that line for the last three years and still no new products. At least Amazon is showing some balls coming out with a new 3D smartphone next week. Bezos more like Steve Jobs now then Cook ever was.
Amazon up 3% in pre market. And the stock will be well over $365 a share come June 17th. Consumers and market want a new smartphone to compete with Apple and Samsung and Amazon might just have the 3D phone to do that. But if Amazon prices things correctly, it could take market share away from Samsung, Nokia, Blackberry and even Apple while it stock ramps higher.
but a lot depends on how Amazon's Smartphone presentation goes next week. But if the trend of the stock is of any guidance, then Amazon could have a "winner" on its hands.
And its a very smart move since Apple has run its course and is very top heavy while Amazon heading into "big presentation next week" looks relatively cheap. I don't worry about a company's P/E when a company possibly has a blockbuster product coming out and analysts rate the company either a "strong buy" or a "buy". Amazon moves higher - big time next week - as Bezos wows the tech world.
Simply because once the Big Boys start selling who knows where the floor is? $85, $80, $75, Lower???
Excellent post "hold4triple". I bought this morning pretty much base on your logic. Anytime I can get a stock with big upside potential and hold that stock going into normal trading hours (such as June 18th) I know I've got a half decent chance to make some serious money. Amazon has already stated they will present during the day and rumors are it might be around 10:30 am - Pacific Coast time. Also T-Mobil is doing a dog and pony show on the 18th and the company has said they will wait until late afternoon or after market closes to do their presentation. So amazon shareholders will get 3D smartphone news during trading hours - which is a big factor for big and small investors.
simply because Amazon is at the beginning of a major shift within company strategy to take on PayPay, Samsung, Apple and who know who else. Apple could show a very weak quarter coming up as far as iPhone sales go, but Amazon might just reach new 52 week highs if 3D smartphone is a "home run".
and come June 18th it takes the chains off and ramps higher.
Don't worry grasshopper. This new Smartphone is going to be a revenue monster machine, bringing Amazon new customers and billions in dollars.
Better to take my profit and put it into Amazon which could really ramp higher if 3D phone impresses stock market and talking heads (analysts).