QUALCOMM Incorporated (NASDAQ:QCOM) declined turns in hot stance in regular session as it -1.37% to $57.55 in the session with shares volume of 19.81 Million. Qualcomm (QCOM) declared that it will restructure its product offering, and one of the first major changes is for the Qualcomm Snapdragon branding. The company says that Snapdragon 200-tier chips will be called Qualcomm Mobile. The company also stressed that it will start labelling processor to “platforms.”
The chipset maker further reveals that only premium mobile platforms will retain the Snapdragon branding. “Our belief is that bringing the 200-level mobile platforms under the new Qualcomm Mobile brand will help differentiate entry-level and high-volume solutions from our flagship and high-end Snapdragon premium mobile experience platforms,” Qualcomm said in announcement blog post. The Company showed a positive 20.60% in the net profit margin and in addition to its operating margin which remained 22.40%.
What made QUALCOMM Incorporated to beat analysts’ forecasts in this rally? Read Full Report Here
Netflix, Inc. (NASDAQ:NFLX) tries to make charm in street, as shares traded at $145.11 with an increase of 0.50% in last trading session. Netflix (NFLX) declared that it is ditching its existing star rating system in favour of an approach that uses a thumbs up/down to judge user opinions on content, the streaming service reported at a press briefing in San Francisco on Thursday. But unlike YouTube, which displays the number of upvotes and downvotes on every video publicly, Netflix will use the new rating system as part of its recommendation engine.
As justification for the update, Netflix VP Product Todd Yellin said that what people actually watch differs from the importance they assign to stuff. He gave the example of something like an Adam Sandler movie versus a wartime documentary. Even though people usually rate the latter one higher, it’s the former they watch more of. The firm has annual sales growth for the past five year of 22.50%. While past twelve months price to sales ratio recorded as 7.05 and price to cash ratio remained 35.93.
Why Netflix, Inc. entered oversold zone after this report? Find Inside Facts Here
Microsoft Corporation (NASDAQ:MSFT) was among the mix trends movers as shares raised 0.36% to $64.87. Microsoft (MSFT) reported that Surface Book, its 2-in-1 laptop, in 2015, and decided not to upgrade it last year. Instead, it concentrated on making the laptop accessible in many regions gradually. However, a fresh report claims that the successor is finally coming and has even entered mass production.
The Surface Book 2 is expected to launch as soon as the end of this month or in April. DigiTimes reports that the Surface Book 2 has entered into mass production, and one of the big change from the predecessor is the ditching of the 2-in-1 design. Apparently, the Surface Book 2 will be a regular laptop with no detachable or 360-degree hinge that can transform the laptop into a tablet, prop it up in tent mode and also be able to use it flat on a table top. Design wise, that’s quite disappointing, but the Surface Book 2 will be cheaper starting at $1,000 (roughly Rs. 65,500). The stock outstanding shares were 7703.73. Having a prescribed look on price to sales ratio, that was 5.83, while price to earning ration of 30.54 attracting for long oriented investors.
How Microsoft Corporation dominated Wall Street through eye-catching trend? Find Facts Here