Market Overview

iPad 3's Biggest Competitor Will Be…

A company that rhymes with “oogle.”

According to Gizmodo, Google (NASDAQ: GOOG) will release its own iPad 3 competitor within six months.

The news comes from Google's own Eric Schmidt, who told this Italian publication that the company is getting ready to produce a tablet of the “highest quality.” The tablet is due in six months – roughly to two to three months after the iPad 3 is expected to debut. (Assuming you believe the iPad 3 will arrive this winter, that is; some rumors suggest it won't arrive till late spring.)

And just like that 2012 got a lot more interesting.

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ACTION ITEMS:

Bullish:

The iPad 3 is expected to be the tablet leader, but if Google is serious about tablet production:

  • We could see some serious Apple (NASDAQ: AAPL) competition from the Google/Motorola (NYSE: MMI) alliance. And don't expect Google to stop at tablets – the company will attack Apple in anyway it can.
Bearish:

If Google is successful in its tablet venture, it could mean that:

  • Hewlett-Packard's (NYSE: HPQ) WebOS dreams will never come true.
  • Research in Motion (NASDAQ: RIMM) may finally have to throw in the towel and adopt another OS.
  • Amazon (NASDAQ: AMZN) could have a hard time pushing the Kindle Fire 2 if its competition goes beyond the iPad 3. (For immediate updates on Google, Apple, Amazon, and more, take advantage of the lightning-fast speed of Benzinga Pro.)
Neither Benzinga nor its staff recommend that you buy, sell, or hold any security. We do not offer investment advice, personalized or otherwise. Benzinga recommends that you conduct your own due diligence and consult a certified financial professional for personalized advice about your financial situation.

Posted-In: Apple Eric SchmidtLong Ideas News Short Ideas Rumors Tech Trading Ideas Best of Benzinga

 

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