Tags: Tech | Apple | Samsung | Amazon

CNBC's Fortt: 1 Tech Giant Will Stumble in 2014

By    |   Monday, 23 December 2013 06:53 AM

With all the new developments in the tech world, one of the tech giants "will likely see its stock take a tumble," says CNBC on-air editor John Fortt.

Fortt provided some other predictions for the upcoming year.

First, as Apple braces for a drop well below $4 billion in revenue in fiscal 2014 for its iPod device, there couldn't be a better time to ramp up the launch of the iWatch, which is expected to hit the marketplace in 2014, according to tech developers.

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Samsung, which announced last month that sales of its Galaxy Gear beat expectations, will face steep competition with Apple on the move.

That doesn't mean Samsung will bow out, as it still has its sights set on moving in on Apple's share in the tablet market.

As Amazon, Google and Samsung are quietly "gunning for each other," there's bound to be a stumble, Fortt noted.

Amazon's cloud business will feel the heat as Google moves into infrastructure as a business. And with Samsung vying for Apple's tablet market share, this creates pressure on the other two. In addition, Google's stock Android is loosing ground to Amazon.

"With such fierce competition raging on the mobile computing front, one of these three will likely see its stock take a tumble," he wrote.

Should Microsoft's new CEO decide to try its luck in getting out of the search business, Yahoo might be bidding for Bing, although Microsoft would want Yahoo to stay on its data-center platform.

Samsung tablets beat out Apple's iPads in a JD Power's biannual customer-satisfaction survey, according to CNN. Apple ranked a score of 833 out of 1,000, just below Samsung's 835.

Philip Elmer DeWitt noted in Fortune, "the only category that Samsung beat Apple in was (duh) cost. And cost, according to Power's press release, counts for at most 16 percent of the total score."

Amazon ranked third with a score of 826.

Tablet buying choices are based on brand reputation (42 percent) and past experience with the brand (32 percent), according to the survey.

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With all the new developments in the tech world, one of the tech giants "will likely see its stock take a tumble," says CNBC on-air editor John Fortt.
Tech,Apple,Samsung,Amazon
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2013-53-23
Monday, 23 December 2013 06:53 AM
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