We're living in an Android world.
A new comScore report this week shows Google's
By making its platform freely available, Google has seen handset makers and wireless carriers flock to the glitzy, Web-savvy operating system, which now commands 38.1% of the market. Apple's iPhone is getting smaller in Android's rearview mirror at 26.6%. Both formats have gained ground in the three months ending in May, according to comScore, but Google is gobbling up market share faster.
This isn't necessarily a bad thing, but Apple isn't doing itself any favors by missing its historical June-July release window for its latest iPhone.
Briefly in the news
And now let's take a quick look at some of the other stories that shaped our week.
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Affymetrix
took a hit after lowering its second-quarter guidance. One would think that a genetic-analysis specialist should have seen this coming sooner, no?(Nasdaq: AFFX) - Encouraged by the box-office success of Rango earlier this year, Viacom's
Paramount is launching its own in-house animation unit. It's targeting 2014 for its first release.(NYSE: VIA) -
XO Group
, the lifestyle company that was previously known as The Knot, is joining forces with China's SINA(NYSE: XOXO) to launch a weddings channel on SINA's popular online portal. That's an awfully long way to go to kiss the bride.(Nasdaq: SINA) - Canaccord Genuity initiated coverage of InterMune
with a "buy" rating based on the early clinical success and eventual blockbuster potential of InterMune's treatments. There's nothing like a strong pipeline to keep a biotech stock flowing higher.(Nasdaq: ITMN)
Until next week, I remain,
Rick Munarriz