Sunday, November 18, 2012

Electronic Arts, Apple: Tech Winners & Losers

Electronic Arts(ERTS) shares ticked up 3% to $23.73 as an executive confirmed it is developing a new Battlefield game. The video game publisher released Battlefield 3 in late October, which sold 5 million copies in its first week. The game is facing off against Activision's(ATVI) Call of Duty franchise in the first-person shooter genre.

Microsoft(MSFT) shares edged up 0.7% to $26.39 after the company announced it would be selling computers starting at $250 for low-income students and their families. Around one-third of all Americans lack high-speed wireless in their homes, according to the Pew Research Center.

See if (AAPL) is in our portfolio

Apple(AAPL), meanwhile, fell 2.4% to $385.70 as a new report said the arrival of Amazon's(AMZN) Kindle Fire could depress sales of the iPad. According to the survey conducted by ChangeWave, 26% of potential Fire buyers may delay the purchase of a new iPad. Research In Motion(RIMM) shares sank 2.4% to $17.62 as it said it plans to continue supporting Adobe's(ADOBE) Flash technology for its PlayBook tablet despite Adobe's announcement it is no longer investing in Flash for mobile. The PlayBook has failed to take off with consumers, though the company has promised a long-awaited software update next February. The Nasdaq rose 0.5%, or 14 points, to 2638 in afternoon trading on Thursday after U.S. economic data came in better than expected.>To submit a news tip, send an email to: tips@thestreet.com.

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