Technology Update: Apple Inc. (NASDAQ:AAPL); BlackBerry Ltd (NASDAQ:BBRY); Alibaba Group Holding Ltd (NYSE:BABA)
Dallas, Texas, 09/24/2014 (ustrademedia) – Apple Inc. (NASDAQ:AAPL) CEO Tim Cook delivered his key note address to participants of the Climate Week 2014 conference which kick-started in New York yesterday. The CEO of one of the biggest devices and technology firm in the globe today went on to speak passionately about the risks that are facing humanity due to increased pace of climate change which is occurring due to the unbridled human development. He stressed that “not having a coherent and sustainable approach” towards addressing climate change concerns “is no longer an option” for enterprises. Mr. Cook then went on to disabuse the prevailing sentiment among the business community that “good business and environmentalism are mutually exclusive”.
BlackBerry Ltd (NASDAQ:BBRY) has reiterated its resolve to release a new smart phone which is decidedly been designed to meet the aspirations and needs of “business and professional users.” In this context, a host of news reports have emerged in recent times that the Canadian smart and business phone maker has set in motion development efforts to churn out a “square-screened smartphone” which would cater to the needs of business users. The approach would signal a move away from the pursuit of “hard to please” consumer segment and refocusing its energy to win back the confidence of the business user segment on part of BlackBerry Ltd (NASDAQ:BBRY).
After a spectacular debut in to the public trading arena last week, the stock of Alibaba Group Holding Ltd (NYSE:BABA) continued to slide for the second consecutive day yesterday. The Chinese internet firm ADR had been an oversold stock at the browsers ever since it started trading on the NYSE post its IPO. The firm had mopped up a record $25 billion as proceeds from the IPO exercise on the back of huge demand for the stock amongst the investor community. The bullish sentiment about the stock turned into a bearish sentiment after weak economic data from Chinese officials put a dampener on the stock’s further ascendency.