Monday, 17 March 2014

Top Tech Winners And Losers Of 2013

Just as 2013 was a year of huge success for some Tech companies it was otherwise for others. Here is a quick look back of remarkable achievements of a few Tech companies and also others that didn't do well. 

Major achievements:
Twitter's initial public offering in November was a seamless effort far less volatile than Facebook's IPO in 2011. Twitter priced 70 million of its shares at $26 apiece and stock has since soared. The company also won big in January when it announced the acquisition of six-second video app Vine, which remains at the top of the iOS app download charts

Major Achivements:
The buzz around high-tech eyewear Google Glass -- a product not officially on the market yet -- kept the search giant on the tips of everyone's tongues in 2013. Google also nabbed 80% of market share for its Android mobile operating system and won the bidding war for Waze, a popular social traffic app.

PlayStation and Xbox
Major Achievements:
Arrival of the PlayStation 4 and Xbox One.
Both sold more than one million consoles in 24 hours.

Major Achievements:
Apple product launches were more evolutionary than revolutionary year, but the company is still in the business of selling millions of mobile devices and creating devices that bring out the masses. In addition to rolling out two new iPhones, the iPhone 5S and lower-cost 5C, Apple debuted the iPad Air, a thinner, sleeker model. In a surprising move, also made its Mavericks OS for Macs completely free.

Major Achievements:
Social media management platform HootSuite received $165 million in funding in August, putting its valuation in the $1 billion-plus range. The service, which has about 7 million users worldwide, continues to gain traction with its "freemium" model, enticing people with a free version to eventually pay for more extensive services.

Major Achievements:
Microsoft acquires Nokia by snapping up most of its mobile division and licensing its large patent portfolio for about $7.2 billion.
The Windows Phone had a solid year, too; Instagram and Vine finally arrived on its platform. 
Its fast-growing market share hit No. 2 in Latin America and other parts of the world.

Despite a major redesign, new branding strategy and celebrity support from Justin Timberlake, Myspace's effort this year fell short of expectations. The company shifted its sole focus to the music world, an area that once flourished on the original platform, but never really caught on.

Samsung continues to dominate the market share for smartphones, but its introduction of the Galaxy Gear smartwatch was rather anti-climatic. While the Galaxy Gear has a lot of potential -- it promises synced apps and phone calls directly to your wrist -- it hasn't reached mass appeal yet. From an uncomfortable band to a high price point ($299) to charging difficulties and issues with built-in notifications, Samsung itself has even admitted that it's working on fixing the model and recruiting new talent to do so.
Barnes & Noble

Amid tablet growth competition, Barnes & Noble made a big push for its Nook e-reader this year despite a big sales drop of 20% to $153 million. It rolled out a redesigned Nook Glow Light e-readerin October, but the company continues to struggle in the tablet space. CEO William Lynch, who led the company's push into digital, resigned in July.


1 comment:

  1. Good for the winners and the losers have lot of chance to do better especially samsung and it gear are still new to the market