Smartphone maker Xiaomi, set to launch a 4G device on July 22 in Beijing, looms as Apple’s (AAPL) biggest threat in China. So says Barclays analyst Ben Reitzes. “Xiaomi in China may soon take the place of Samsung as Apple’s true threat,” Reitzes said in a research note. Xiaomi next week could take the wraps off a new flagship smartphone sporting a metal-based chassis. The company has released teaser images of the device, which reportedly will run
Tech firms stand out in IBD Bolting RS Lines Screen of the Day, which compares a stock’s price performance against the S&P 500. Silicon Valley giant Apple (AAPL) is expected to release new products later this year, specifically larger 4.7-inch and 5.5-inch iPhone 6 models and the highly anticipated iWatch smartwatch. But production issues mayhamper the launchof the 5.5-inch phablet as well as the availability of the smartwatch, said KGI Securities
Google’s (GOOGL) Chrome operating system has grown to become a legitimate third platform in the personal computer market behind Microsoft’s (MSFT) Windows and Apple’s (AAPL) Mac OS, new data show. Chrome OS notebooks accounted for 35% of all notebook PC sales in the U.S. commercial sales channel from January through May this year, the NPD Group said Monday. The commercial channel, which covers sales to businesses and other institutions through distributors and resellers, sold 2.4 million notebooks in the first five months of the year, NPD said. Of those, about 840,000 were so-called Chromebooks. Sales of Chromebooks rose 250% from the year-earlier period, the research firm said, compared with 20% growth for Apple Macbooks and no change for Microsoft (MSFT) Windows notebooks. Chromebook volume has strengthened heading into the important education buying season, NPD analyst Steve Baker told IBD. For the three weeks ended June 7, Chromebook sales made up more…