Morning Beat: International Business Machines Corp. (IBM), Apple Inc. (APPL), and Amazon.com, Inc. (AMZN)


International Business Machines Corp. (NYSE:IBM) is making the most of its Relay 2015 event as it moves to showcase its cloud offerings. Big Blue will be showcasing its Relay technology that it says allows all cloud environments in its ecosystem stay up to date. In attendance at this year’s event are customer’s partners and members, all enjoined in the company’s cloud ecosystem?

International Business Machines Corp. (NYSE:IBM)’s Relay technology seamlessly synchronizes updates across environments to allow enterprises to experience the same cloud content and visibility regardless of location. Demonstrations will also center on how the company is helping customers get the best out of cloud and cognitive computing to accelerate the development of the next generation apps and services.

Apple Inc. (NASDAQ:APPL) is stopping at nothing on its push to make Apple Music mainstream on all internet-powered devices. The iPhone maker has unveiled an Android app for the music streaming service as it moves to shrug the threat of competition in the sector.

Made with the best Androids design principles, the new app will look and feel like an Android app according to the company’s services boss Eddy Cue. The Android app will also provide users access to purchases from Apple’s iTunes download store. The only deficiency at the moment is that users will not be able to play music videos.

Making Apple Music available on Android according to some theories is part of a marketing ploy by Apple Inc. (NASDAQ:APPL) to lure people to iOS if they ever think of upgrading their devices.

Amazon.com, Inc. (NASDAQ:AMZN) has confirmed the availability Amazon Echo this holiday season in its more than 3,000 locations across the US. Previously limited to Amazon Prime subscribers, the voice activated speaker is now opened up to everyone. The gadget will also make its maiden debut in store shelves at Home Depot Inc (NYSE:HD), Staples Inc. (NASDAQ:SPLS), and Sears Holdings Corp (NASDAQ:SHLD) among other outlets.

Thanks to an open approach to third-party software development, Amazon Echo has grown to become something of a smart-home centerpiece. It now integrates with popular products like Philips Hue and Lifx’s color changing LEDs. It also features Amazon.com, Inc. (NASDAQ:AMZN)’s digital assistant Alexa which makes it easy to control devices by simply talking.

The much awaited Single’s Day event lived up to expectations consequently affirming the power of Chinese consumption. In a matter of 14 hours deals worth $14 billion have been struck reiterating Alibaba Group Holding Ltd (NYSE:BABA)’s dominance in the e-commerce space.

Unlike Cyber Monday, which is a traditional festival in the US, Singles Day is only an effort by Alibaba to tap China’s internet shopping spree. The event is now the most popular in the world in terms of gross merchandise volume transacted.

Last year sales for the five days starting Thanksgiving to Cyber Monday came in at $6.5 billion compared to Singles Day sales of $9.4 billion. Alibaba Group Holding Ltd (NYSE:BABA) is already on course to set a new record this year, as the event continues to gain traction on the international front.

Viraj Shah

Viraj Shah has completed M.Com (Finance) and is currently pursuing his CFP. He tracks US markets along with other global markets like India very closely. He is very passionate about stocks, real estate, and technology. He also believes that money can always be made in the market.

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