Rumors have been swirling that Apple Inc. (NASDAQ:AAPL) is coming up with a team to develop its own baseband processor, and such reports have sent jitters among Qualcomm investors, says a report from Street Insider. Presently, Apple relies on Qualcomm for its baseband needs, and this contributes as much as 15%-18% to its sales, claims Nomura Securities analyst Romit Shah. Apple Inc. (NASDAQ:AAPL) shares after opening at $519.00 moved to $522.83 on last trade day and at the end of the day closed at $519.61. Company price to sales ratio in past twelve months was calculated as 2.66 and price to cash ratio as 11.38. Apple Inc. (NASDAQ:AAPL) showed a negative weekly performance of -2.30%.
The recent deal between Yelp Inc (NYSE:YELP) and search engine giant Yahoo Inc, which provides business listings for searches made on the latter’s site, has been earning negative reviews. These negative reviews are generally coming from owners of minor businesses. They suppose that years of positive feedback from customers have vanished from Yahoo. Yelp Inc (NYSE:YELP) shares fell -2.76% in last trading session and ended the day on $61.72. YELP return on equity ratio is recorded as -3.90% and its return on assets is -3.60%. Yelp Inc (NYSE:YELP) yearly performance is 128.93%.
Tesla Motors Inc (NASDAQ:TSLA) is a software developer dressed in a carmaker’s robes. The Silicon Valley company has focused on developing its software to be the primary component behind its fleet’s sophisticated safety and battery systems, not to mention its infotainment console. The majority of Tesla’s software is developed internally by a highly skilled group of electrical, power electronics, software, and automobile engineers. This software focus affords Tesla a flexible and dynamic approach to updating its fleet, something that few, if any, other carmakers have been able to accomplish. Tesla Motors Inc (NASDAQ:TSLA) shares moved down -0.20% in last trading session and was closed at $203.78, while trading in range of $198.60 – 207.00. Tesla Motors Inc (NASDAQ:TSLA) year to date (YTD) performance is 35.47%.
It is no secret BlackBerry Ltd (NASDAQ:BBRY) has been struggling in the smartphone market for years now, but the company has no plans of exiting the market anytime soon. Black Berry Ltd (NASDAQ:BBRY) weekly performance is -9.00%. On last trading day company shares ended up $7.28. Black Berry Ltd (NASDAQ:BBRY) distance from 50-day simple moving average (SMA50) is -21.64%. Analysts mean target price for the company is $10.90