Last Wednesday, May 28, 2014, Apple (AAPL) announced its $3 billion acquisition of Beats Music. The deal was finalized after three weeks of intense media coverage, and after the negotiations were leaked to the press. Previously, I endorsed Apple’s decision to purchase Beats for several reasons, including its brand recognition value, headphone market share, and popular music streaming service.
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The Largest IPO In History?
China’s many decades of growth and development have resulted in its gradual transition from an emerging economy, centered around manufacturing, to a developing economy, focused on services and consumerism. According to Bloomberg.com, last year was the first time China’s electronics industry outpaced the steel sector (a big deal).
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Is The Game Stopping?
According to the Entertainment Software Association (ESA), “no other sector [in the United States Economy] has experienced the same explosive growth as the computer and video game industry.” In their demographic study of the video game industry, the ESA reports 58% of Americans play video games and 51% of American households own a game console (many of which own more than one).
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S&P 500 Darlings
Last week the stock market celebrated the five-year anniversary of the S&P 500 Index, since hitting its lowest point during the Great Recession. Over the past five years, the recovering bull market has rewarded a number of blue chip E-Commerce companies with soaring stock prices. However, there is also much skepticism surrounding the future of the market, leaving investors worried.
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5 Stocks Under $10
Nokia (NOK) is an established cellular phone producer. In 2007 the stock soared up to almost $40 per share, and the company was the largest cell phone producer in the world. However, as Apple (AAPL) and Google (GOOGL) both entered the cellular devices market, producing smart phones, Nokia lost ground. By February 2009, the stock price dipped below $10, as the iPhone and Android devices gained tremendous popularity.
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GoPro To IPO
The fastest growing digital imaging company in America, GoPro, Inc., recently announced that it is undergoing the process of planning an initial public offering of stock. The company, which began as an experiment for Founder and CEO Nicholas Woodman, who wanted to capture his surfing adventures and share them with his friends, has quickly developed into a household name in digital media.
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