Google has planned an event on 29 October in New York as rumored last week. It has completed sending out the invitations to the press. If the recent rumors turn out to be true, Google might reveal the new Nexus phone and tablet during next 10 days.
The event is expected to bring reports on the Android 4.1 updates, and may be mentioning about the upcoming Android 5.0 Key Lime Pie OS.
The invitation features Google search bar gadget from Android with ‘the playground is open’ cryptic message. New York City skyline image is the company’s logo behind the invitation.
The press conference will commence at 10 am ET (3 pm in UK) and will also have a live streaming in Android and Youtube.com. There are diverse reports on Nexus phone; the rumor is thatit will feature a 4.7 inch screen. But it refers to “Nexus 4” from leaked pictures that might have 4-inch display if it adopts the naming convention like Nexus 7 tablet. The news is that the new Nexus is designed by LG, and shares some features of LG’s Optimus G. Reports suggest that HTC has also been working on the new Nexus 5 tablet.
The rumour hints that there may be a drop in price for both Nexus 7 and the high-end model Nexus 10. The price of the 32 GB version of Nexus 7 is $199.It might be dropping to $99. If the rumour holds true then Google would definitely lose money on each mobile sold.
The new device will feature a screen that comes with a high-resolution display when compared to the third generation iPad. The pixel resolution of iPad is 2048x1536pixels and for Nexus it is 2560×1600 pixels. The sharp screen makes a strong selling point for Nexus against the new iPad.
It is expected that the new Android 4.2 with security improvement feature, along with some other new features will be coming soon.
Apple is in preparation for an event, which will be commencing on 23 October. It is expected that a 13-inch Retina MacBook Pro and the new iPad Mini will be launched in the event.
And, in the same week Microsoft will be launching Windows 8 and the new Surface RT tablet to give Samsung’s new tablet a run for its money. There will be an announcement of other laptops and tablets.It’s going to be one of the big launches for tablets and PCs in the week. It is better to wait till the end of October before planning for any new tablet purchases.
Tesla, Inc. (TSLA): US agencies investigate fatal Tesla Model 3 crash in Florida
American safety officials are looking into the circumstances surrounding another fatal Tesla, Inc. (TSLA) crash. Both the NTSB and the NHTSA have confirmed that they’re investigating a collision between a Model 3 and a semi truck in Delray Beach, Florida on March 1st. According to the police report, the truck was turning left to enter a main thoroughfare when the Model 3 crashed into the semi’s trailer, shearing off the car’s roof and killing the driver. It’s not certain if Autopilot was active, although the Model 3 kept traveling for more than 500 yards before coming to a stop.
Tesla said in a statement that it was “deeply saddened” about the collision and was “reaching out” to authorities to cooperate. The NTSB added that it typically takes one to two years to complete investigations like this.
This certainly isn’t the first time US safety agencies have investigated Tesla crashes to determine the possible role of Autopilot. However, there are unusually close parallels to a deadly incident from May 2016, when a Model S driver in Florida struck a trailer. His vehicle had Autopilot engaged and also kept going a significant distance after the crash, although investigators cleared Tesla and noted that the driver in that case ignored safety warnings. While the particular circumstances are different, it wouldn’t be out of the question for agents to compare the two cases.
Amazon (NASDAQ:AMZN), Qualcomm (NASDAQ:QCOM) Are In News On Monday
Evercore raises its Amazon (NASDAQ:AMZN) price target from $1,800 to $1,965 saying that gross profit has become a “more important indicator” than Y/Y revenue growth.
Key quote: “As such, we remain bullish on AMZN at least in part because the company’s gross profit is expected to grow ~400bps faster than revenue for AMZN over the next 3 years.”
Amazon shares are up 0.9% pre-market to $1,686.
Qualcomm (NASDAQ:QCOM) alleges in a San Diego federal court that Apple (NASDAQ:AAPL) violated three of its patents and asks for tens of millions of dollars in damages.
Qualcomm has filed a series of patent actions against Apple around the world that will conclude before the antitrust trial starting in April, which will hear Apple’s challenge to QCOM’s business model.
U.S. District Judge Dana Sabraw will open an eight-day trial today deciding whether Apple violated Qualcomm’s patents with its iPhones that contain Intel (NASDAQ:INTC) chips.
Qualcomm shares are up 0.8% pre-market to $54.65.
Apple shares are up 0.5% to $175.88.
Tesla, Inc. (TSLA) Shares Slump After Elon Musk’s Comments
Chief Executive Elon Musk’s warning on profit during a conference call with members of the media, which did not include Reuters, contrasted with Tesla’s statements last month that it was expecting a “very small” net profit in the first quarter.
Shares of Tesla, Inc. (TSLA)fell 3.4 percent after hours. Investors have voiced concerns about whether Tesla would be able to maintain profit margins through cost cutting – such as recent layoffs – as it reduces prices of its newest vehicle.
Still, the price drop could quell concerns from some analysts that demand for the higher-priced versions of the Model 3 was beginning to dry up in the United States, especially after a federal tax credit was cut in half this year.
“Tesla wants to drum up demand,” said Elazar Advisors’ Chaim Siegel. “There was a slowdown in the U.S. as the tax credits dropped. (There are) more tax credit hits later in the year too so they are trying to be proactive.”
Musk has often shared that his strategy for Tesla was to build higher-priced cars – the Model S and X – whose success would ultimately usher in a $35,000 mass-market car, followed by an SUV, the Model Y, which is currently in development. But customers who reserved the Model 3 at that lower price have waited nearly three years since Musk first promised it.
An online-only sales strategy, along with other changes, would allow vehicle prices to fall by about 6 percent on average, Tesla said in a blog on its website https://bit.ly/2IHjLw4. Over the next few months, Tesla will wind down “many” of its stores, while investing in its service system, it said.