The number of smartphones has been increasing every year rapidly and the number of users is expected to be around 2 billion across the globe. Apple Inc. (NASDAQ:AAPL) has been the top most company in smartphone industry and Amazon.com, Inc. (NASDAQ:AMZN) has recently launched a smartphone entering into the smartphone market and probably increase its grip in the US consumer market. So these would be the companies to look out for.
CNBC’s Josh Lipton discussed the tech stocks that might drive the markets higher in the second half of the year. According to him, the competition between market leaders in the smartphone industry such as Apple Inc. (NASDAQ:AAPL) and Amazon.com, Inc. (NASDAQ:AMZN) which is a new player entering the segment with the ‘Fire’ smartphone would help the users to choose their next favorite device.
“There are nearly 2 billion smartphone users in the world and you might have a few more options when deciding what your next device should be,” Lipton said about how open the smartphone market would become this fall.
Another trend in the tech industry is the tech companies focusing on tracking health and fitness of the users. Apple Inc. (NASDAQ:AAPL) has just launched a new app called ‘health’ and its focus on the fitness segment would motivate other companies to jump into this space.
In the enterprise segment, analysts see a rise in the deal making in the second half where large vendors will be looking to acquire more companies to build an all in one solution or a cloud solution. Companies such as Cisco Systems, Inc. (NASDAQ:CSCO) would be looking to expand the foot print and move towards a cloud based infrastructure.
So it’s about innovation and M&A in the second half where companies such as Apple Inc. (NASDAQ:AAPL), Amazon.com, Inc. (NASDAQ:AMZN) and other enterprise vendors such as Cisco Systems, Inc. (NASDAQ:CSCO) would be driving the markets in the second half of the year.