Microsoft envisions a smooth transition from phone to tablet

Microsoft (MSFT) has been granted a patent for its idea of a foldable phone—almost three years after it applied for it. The patent brings back the memories of a dual-screen carrier device that Microsoft touted in 2009 before it shelved the idea.

In the newly granted patent, Microsoft envisions a device with a foldable display so that it can serve as both a smartphone that can easily fit in the pocket and a tablet that renders a larger, sharper display for easy reading.

What Microsoft’s Foldable Phone Could Mean for Apple

Although it might take years before Microsoft begins to ship a foldable handset, such a device would be a game-changer, potentially emboldening Apple (AAPL), Samsung (SSNLF), and other smartphone makers to try to catch up to protect their turf.

Pressure of falling iPhone sales

Apple is particularly under the gun to defend its market share, following a series of sales declines in recent quarters. Notably, iPhone shipments dropped to 211.9 million units in fiscal 2016, as compared to 231.2 million units in fiscal 2015. To drive more interest in its iPhones, Apple is rumored to be developing a radically redesigned iPhone to mark its 10th anniversary in the smartphone business.

But the foldable display is not one of the features expected in the next iPhone, meaning that Microsoft holds an idea that Apple would want to get its hands on to increase the appeal of iPhones. The foldable phone idea could appeal to many professionals who are increasingly using handsets for their work as they can easily carry it around in the pocket.

Gain for partners manufacturers

If Microsoft’s foldable phone idea catches on and phone makers follow suit, phone component makers such as Samsung, Japan Display, Sony (SNE), and Micron (MU) would also benefit.

Latest articles

Broadcom (AVGO) stock fell ~8.5% after markets closed yesterday following the semiconductor giant's fiscal 2019 second-quarter earnings release. It missed analysts' revenue estimate and cut its fiscal 2019 revenue guidance by $2 billion to $22.5 billion due to sluggishness in its semiconductor solutions business.

The SPDR Gold Shares ETF (GLD), which tracks physical gold prices, has underperformed the broader markets year-to-date, rising just 4.4% compared to the S&P 500’s (SPY) gain of 15.9% as of June 14. The sentiment for gold, however, has been turning around.

Safe havens such as Treasuries and gold were back in favor on June 14 as stocks fell due to rising tensions in the Middle East, concerns over growth, and the looming threat of the US-China trade war. The tech-heavy Nasdaq Composite Index fell 0.67% in the first hour of trading.

Lululemon (LULU) stock rose 2.1% on June 13 in reaction to better-than-expected first-quarter results and an upgraded outlook for fiscal 2019 overall. The company's first-quarter adjusted EPS grew 34.5% to $0.74 on revenue growth of 20.4% to $782.32 million. Analysts had expected EPS of $0.70 and revenue of $755.31 million. Here's why the outlook got an upgrade.

14 Jun

IEA Again Slashes Its Oil Demand Growth Estimate

WRITTEN BY Rabindra Samanta

As of 4:40 AM Eastern Time today, US crude oil active futures were at $51.83, ~4% below their closing level in the previous week. If US crude oil prices stay at those levels today, they'll mark their third week of decline in five weeks.

14 Jun

Why Kimberly-Clark Stock May Stop Rising

WRITTEN BY Amit Singh

Kimberly-Clark (KMB) stock has risen 20.5% this year, boosted by the company’s better-than-expected sales and earnings during its last reported quarter. However, its stock could stop climbing. Here's why.

172.31.38.64