Street News: Amazon.com, Inc. (NASDAQ:AMZN) Apple (AAPL), Google (GOOG ... - Crazy Joys

Home » Business News » Street News: Amazon.com, Inc. (NASDAQ:AMZN) Apple (AAPL), Google (GOOG) Test The Music Stream March 22, 2013   |  By Erin Rice Technology giants Amazon.com, Inc. (NASDAQ:AMZN), Google Inc (NASDAQ:GOOG), and Apple Inc. (NASDAQ:AAPL) are angrily choreography for place in the online music startup and searching at methods to build streaming profitable, in spite of the fact that lead the way Pandora has never made a profit. It has been over a decade since the iPod indication the revitalization of Apple and foretells the smartphone revolution, while music-sharing site Napster was viewing the troublesome power of the Internet in the music business. According to sources with knowledge of talks and media reports, now Amazon.com Inc., Google and Apple are amid the Silicon Valley powerhouses testing top recording industry managers. Streaming service Pandora is expenditure liberally and racking up losses to enlarge worldwide. Even social media stalwarts Facebook (NASDAQ:FB) and Twitter are joining the cause. The CEO and co-founder of streaming music service mSpot, Daren Tsui stated that the Music is strategic for the a variety of electronic devices Samsung manufactures, which Samsung purchased previous year to make the Music Hub service now obtainable on Galaxy smartphones in the U.S. and Europe. Coming to the stock performance in last Session; Amazon.com, Inc. (NASDAQ:AMZN) in last trading session end up at $253.39 by falling -1.51% with traded volume of 2.80 million shares which is down the average volume of 3.24 million shares. The stock price saw week's volatility of 2.19% and month's volatility is 2.26%, while the stock price of the company is moving down from its 20 days moving average with -4.99% and isolated negatively from 50 days moving average with -5.16%. Looking at Analytic Ratios; the price to sales ratio of AMZN in past twelve months was calculated as 1.89 and price to cash ratio as 10.06. Company return on equity ratio is recorded as -0.49% and its return on assets is 0.40%. AMZN belongs to Consumer Services  sector. Yesterday Dow Jones U.S. Consumer Services  Index (SCY) was at 483.85 with -0.63% change. via Technology - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFF9NRbu8OJYnMnVnqQ7h_np8OZ8Q&url=http://www.crazyjoys.com/street-news-amazon-com-inc-nasdaqamzn-apple-aapl-google-goog-test-the-music-stream,20135324

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