Sony Corporation (ADR) (SNE) Is Making Strides

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In an industry where breakthrough technology is a requirement for firms to prosper, Sony Corporation (ADR) (NYSE:SNE) looks to up its stake on innovation with the release of a revamped Smartwatch.

Sony Corporation (ADR) (NYSE:SNE)

While it has been about two years since Sony Corporation (ADR) (NYSE:SNE) announced the original Smartwatch, the new version aims to be what the last couldn’t manage. The original release featured a low battery life and major software problems. But with one in three smartphone users telling BI Intelligence that they want a smart wristwatch, Sony Corporation (ADR) (NYSE:SNE)’s stock could benefit from the release, which could happen this month. While the release of a catchy watch would bump shares, the device could hurt the company if it’s another dud. However, Sony Corporation (ADR) (NYSE:SNE) looks to be in solid position prior to any release. The firm expects a hike in annual revenues next year, it stated in the first-quarter earnings report. The revised price target is $24.77, and is now at around $20.

Google Inc (NASDAQ:GOOG) Glass could lead the way

Speaking of possible technological innovations, Google Inc (NASDAQ:GOOG) Glass was used for the first time on June 22 to help a doctor record a surgery. Those watching were able to get a vivid view of the procedure. That’s a major revelation and shows the gadget also has a niche market. The future of Google Inc (NASDAQ:GOOG) looks bright with its potentially innovative projects such as Google Glass, self-driving cars, and balloons that could provide the entire planet with Internet. However, it may take a major breakthrough to really send this stock into the stratosphere.

Apple Inc. (NASDAQ:AAPL) not releasing much

Many people have been criticizing Apple Inc. (NASDAQ:AAPL) for not appearing to be working on anything new. Aside from its recent iOS 7 software release, and rumored new models of the iPhone, the firm doesn’t look to be up to much. However, given the number of patent infringements plaguing the industry, I can see why Apple Inc. (NASDAQ:AAPL) would want to keep its projects confidential. After all, the firm invented the smartphone, and look at all the companies that have copied and profited from the technology. That makes Apple still a buy in my books, as the price is way off its 52-week high, and part of that reason is speculative. Investors now have the opportunity to buy the stock at a bargain.

Innovation is key

The prices of these stocks are largely driven off speculation, and that makes it very difficult for the short-term investor to make money.

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