Followers | 679 |
Posts | 141047 |
Boards Moderated | 36 |
Alias Born | 03/10/2004 |
Tuesday, September 08, 2020 12:29:02 PM
By: 24/7 Wall St. | September 8, 2020
Microsoft Corp. (NASDAQ: MSFT) has confirmed that a new Xbox Series S game controller is coming soon for a retail price of $299. The software giant confirmed last night an earlier leak that included a photo of the Series S. Microsoft promised that details are coming soon.
According to reports, the Xbox Series S does not include a disk drive and will not support 4K graphics. However, the console will play the same games as the next generation Xbox Series X.
Both new consoles are expected to be released on November 10, and Series X is said to carry a retail price tag of $499. Sources told Windows Central that the Series S will be available with Xbox All Access financing option of $25 a month. The Series X financing option will cost $35 a month.
Microsoft’s new Xbox consoles will be competing with a new PlayStation 5 from Sony Corp. (NYSE: SNE). No pricing for the PS5 has been announced yet, and an announcement from Sony scheduled for tomorrow will not include any release or pricing information for the new console.
Both the new Xbox and PlayStation consoles use chips from Advanced Micro Devices Corp. (NASDAQ: AMD). At the end of the last quarter, AMD forecast third-quarter revenue of $2.45 billion to $2.65 billion, up by about 32% sequentially and 42% year over year. One of the major contributors to that projection was AMD’s semi-custom division, which makes the Xbox and PlayStation controller chips.
Xbox Series S is expected to support 1080p graphics, a significant step down from the 4K capabilities in the Series X. There’s no internal disk drive and a rumored 512GB of flash memory is somewhat limited in the gaming world. But at a price of $299, the Series S is still a solid buy, according to Jeff Grubb at VentureBeat.
Even an announcement like this can’t break the pall on tech stocks that began last week. Microsoft stock traded down fractionally at noon Tuesday, at $206.35 in a 52-week range of $132.52 to $232.86. The stock’s 12-month consensus price target is $228.22. As a whole, the tech sector is down about 3% Tuesday while the Nasdaq Composite is down about 3.0%.
Read Full Story »»»
DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold
Recent MSFT News
- Brookfield and Microsoft Collaborating to Deliver Over 10.5 GW of New Renewable Power Capacity Globally • GlobeNewswire Inc. • 05/01/2024 10:30:00 AM
- Alphabet CEO’s Billion-Dollar Wealth, Microsoft’s $1.7B Indonesia Investment, and More News • IH Market News • 04/30/2024 11:58:40 AM
- Axel Springer et Microsoft élargissent leur partenariat dans les domaines de la publicité, de l'IA, du contenu et des services de Microsoft Azure • PR Newswire (Canada) • 04/29/2024 03:00:00 PM
- Axel Springer and Microsoft expand partnership across advertising, AI, content and Azure services • PR Newswire (Canada) • 04/29/2024 03:00:00 PM
- Axel Springer and Microsoft expand partnership across advertising, AI, content and Azure services • PR Newswire (US) • 04/29/2024 03:00:00 PM
- U.S. Stocks May See Further Upside In Early Trading • IH Market News • 04/29/2024 01:05:53 PM
- Conduent Collaborates with Microsoft on Generative AI to Drive Innovation in Business Process Solutions • Business Wire • 04/29/2024 12:43:00 PM
- U.S. Futures Rise in Pre-Market Trading Amid Key Federal Reserve Meeting and Earnings Week Ahead • IH Market News • 04/29/2024 11:12:54 AM
- Philips Stocks Soar 47% Following US Deal, Tesla Bolsters Presence in China, and More News • IH Market News • 04/29/2024 11:11:24 AM
- U.S. Stocks Rally On Upbeat Tech Earnings • IH Market News • 04/26/2024 08:30:27 PM
- Exxon Mobil Net Profit Drops 28% to $8.22 Billion, Atlassian Surprises with Revenue Boost and Co-CEO Exit, and More in Earnings • IH Market News • 04/26/2024 11:47:51 AM
- U.S. Futures Climb in Pre-Market Trading Amid Tech Gains and Upcoming Inflation Data • IH Market News • 04/26/2024 11:47:25 AM
- The Estée Lauder Companies and Microsoft increase collaboration to power prestige beauty with generative AI • PR Newswire (US) • 04/26/2024 10:00:00 AM
- U.S. Stocks Climb Well Off Worst Levels But Close Mostly Lower • IH Market News • 04/25/2024 08:40:00 PM
- Microsoft earnings press release available on Investor Relations website • PR Newswire (US) • 04/25/2024 08:10:00 PM
- U.S. Futures Drop in Pre-Market Trading as Tech Stocks Plunge After Meta Issues Gloomy Forecast • IH Market News • 04/25/2024 11:53:54 AM
- BHP Bids $38.8 Billion for Anglo American; Biden Unveils Historic Micron Technology Deal, and More News • IH Market News • 04/25/2024 11:48:40 AM
- Coca-Cola and Microsoft Sign Billion-Dollar Agreement, Apple Event Set for May 7, and More News • IH Market News • 04/24/2024 11:28:02 AM
- Stocks Close On Firm Note For 2nd Straight Day On Earnings Hopes • IH Market News • 04/23/2024 09:00:38 PM
- The Coca-Cola Company and Microsoft announce five-year strategic partnership to accelerate cloud and generative AI initiatives • PR Newswire (US) • 04/23/2024 01:30:00 PM
- Futures Pointing To Extended Rebound On Wall Street • IH Market News • 04/23/2024 01:11:27 PM
- Apple Loses Market Share in China, GM Surges in Pre-Market Following Upward Revisions for 2024 Projections, and More News • IH Market News • 04/23/2024 11:25:34 AM
- U.S. Stocks Close On Bright Note Despite Coming Off Day’s Highs • IH Market News • 04/22/2024 08:38:04 PM
- Cognizant and Microsoft Announce Global Partnership to Expand Adoption of Generative AI In the Enterprise, And Drive Industry Transformation • PR Newswire (US) • 04/22/2024 12:30:00 PM
- Nasdaq, S&P 500 Extend Losing Streaks On Tech Weakness But Dow Advances • IH Market News • 04/19/2024 08:32:14 PM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM