Apple Inc. (NASDAQ:AAPL) is reported to be in negotiations to purchase Beats Electronics, a maker of high-end headphones and a streaming music service. It’s a potential buyout in the billions and its all makes me wonder if Apple is reverting to its old, old ways when it comes to peripherals. And that may not be so much of a bad thing. Apple Inc. (NASDAQ:AAPL) shares fell -0.42% in last trading session and ended the day on $585.54. Gross Margin is 37.90% and its return on assets is 18.00%. Apple Inc. (NASDAQ:AAPL) quarterly performance is 13.30%.
Sony Corporation (ADR) (NYSE:SNE) has unveiled its new storage product that is capable of holding up to 185 terabytes (TB) of data. With the help of IBM, Sony has utilized magnetic tape to create a storage tape that holds 148GB per square inch, the equivalent to 3,700 Blu-ray discs, BBC reports. Sony Corp (ADR) (NYSE:SNE) net profit margin is 1.40% and weekly performance is -1.42%. On last trading day company shares ended up $17.38. Analysts mean target price for the company is $21.51. Sony Corp (ADR) (NYSE:SNE) distance from 50-day simple moving average (SMA50) is -3.87%.
Research analysts at Morgan Stanley lifted their target price on shares of Harman International Industries Inc./DE/ (NYSE:HAR) from $44.00 to $45.00 in a report released on Monday, StockRatingsNetwork.com reports. Morgan Stanley’s price target would suggest a potential downside of 58.41% from the company’s current price. Harman International Industries Inc./DE/ (NYSE:HAR) shares moved up 0.60% in last trading session and was closed at $104.29, while trading in range of $102.07 – $104.62. Harman International Industries Inc./DE/ (NYSE:HAR) year to date (YTD) performance is 28.17%.
On Thursday 2 May Skullcandy Inc (NASDAQ:SKUL) posted its quarterly earnings results. The company reported ($0.12) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.17) by $0.05, Stock Ratings Network.com reports. The company had revenue of $39.10 million for the quarter, compared to the consensus estimate of $39.23 million. During the same quarter last year, the company posted ($0.23) earnings per share. Skullcandy’s revenue was up 5.5% compared to the same quarter last year. Skullcandy updated its Q2 guidance to approx breakeven EPS and its FY14 guidance to $0.16-0.20 EPS. Skullcandy Inc (NASDAQ:SKUL) ended the last trading day at $ 7.18. Company weekly volatility is calculated as 6.52% and price to cash ratio as 4.17. Skullcandy Inc (NASDAQ:SKUL) showed a negative weekly performance of -10.59%.