Google Inc (GOOG), Apple Inc. (AAPL): Is Samsung’s New Tablet a Game-Changer?

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With the fiscal third quarter report expected in July, those wondering whether to pick up shares of the firm should wait to see the quarterly earnings report. I’d expect earnings to be lower than in the past due to there not being many new products at the company. Revenue estimates have dropped by about $1.1 billion. The current estimate is $35.2 billion, which is $700 million over Apple Inc. (NASDAQ:AAPL)’s midpoint estimate. That’s cause for concern, because the company’s own estimates show there is a decent chance that Apple Inc. (NASDAQ:AAPL) will miss analyst estimates and cause the stock to drop.

Tablets are important components

Samsung’s new tablet release could be a turning point in the technology. While the device only has 8GB of storage, the new features could show that Samsung is an innovator. Much of the success of Google Inc (NASDAQ:GOOG) and Apple Inc. (NASDAQ:AAPL) has been anchored on the fact that they are perceived to be leaders in breakthrough technology. However, if Samsung’s new product is everything that the company claims it will be, then consumers and investors might turn to the South Korean company to for breakthroughs instead.

Phillip Woolgar has no position in any stocks mentioned. The Motley Fool recommends Apple and Google. The Motley Fool owns shares of Apple and Google.

The article Is Samsung’s New Tablet a Game-Changer? originally appeared on Fool.com and is written by Phillip Woolgar.

Phillip is a member of The Motley Fool Blog Network — entries represent the personal opinion of the blogger and are not formally edited.

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