Amazon.com, Inc (NASDAQ:AMZN), world’s largest online retailer, would assist developers to add social features to games for the Kindle Fire tablet, according to a person with knowledge about the matter, aimed to narrow Apple Inc’s (NASDAQ:AAPL) lead in the tablets market.
The person, who refused to be identified as the matter is secret, stated that Amazon aims to unveil tools for digital-game makers by the July’s end. The person further reported that developers would be able to add a bigger range of features, comprising tracking high scores and monitoring awards got while playing games.
CEO of world’s largest online retailer Jeff Bezos is rushing to make Kindle games extra alluring to assist company to boost sales of the gadgets, which hold 17% of the $66.4 billion tablet market, evaluated against a 55% for Apple’s iPad.
Also, Amazon is attempting to attract developers to assist it grab a major slice of the global social-gaming market, which Lazard Capital Markets anticipates will reach $8.98 billion in 2015.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Nokia Corporation (ADR) (NYSE:NOK) decreased -3.57% to settle at $40.78, First Solar, Inc. (NASDAQ:FSLR) moved down -2.51% to end at $6.60 while Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) plunged -2.73% to finish on Thursday at $5.35.
Amazon.com, Inc (NASDAQ:AMZN) began the last trading session with a price of $223.92 and throughout the session climbed at a high of $224.62 but when day-trade ended the stock finally decreased -1.91% to $221.31.
AMZN had a trade volume of 3.00 million shares was lower as compared to average trading capacity of 3.43 million shares.
The stock is ahead its 52 week low with +32.54% and lagging behind from its 52 week high price with -10.30%. AMZN last month stock price volatility remained 2.19%. In its share capital AMZN has 450.53 million outstanding shares among them 362.06 million shares have been floated in market exchange. AMZN stock institutional ownership remained 66.67% while insider ownership included 19.62%.
Shares price of AMZN moved forward from its 20 days moving average with +1.33% and remote positively from 50 days moving average with +2.32%. AMZN current year earnings per share experienced a downfall of -45.82% while its current quarter performance remained +8.16%. Company’s beta coefficient included 0.89. Beta factors measures the amount of market risk associated with market trade.
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