The Internet has become part of my life and smartphones are my preferred method of staying connected on the go. During my last three-day vacation, I had a hard time breaking free of my addiction to the web even though that’s exactly what vacations are for.
For others, this need to stay plugged-in has materialized into having multiple devices. It is now common to own a laptop/desktop for working at a desk, a smartphone for traveling, and a tablet to fill in the gaps. In some cases, mobile devices have become the primary computing device, leaving out laptops and desktops altogether.
I believe Verizon (VZ) is still positioned to benefit from all this. For home connectivity, FiOS continually ranks high for its performance and users will likely bundle it with 4G LTE service as well. This way, folks could constantly stay connected to the web via Verizon’s services despite what device they use.
On the handset side, Samsung recently announced an update to its flagship phone with the Galaxy S4. It was met with mixed reviews mostly concerning the flood of new incremental features that many users may not utilize.
Samsung also plans to refresh its Galaxy Note lineup later this year. I believe there is now a window of opportunity for Apple (AAPL) to strike back with some true innovation. One strategic product announcement for something completely new could make the competition irrelevant once again.
The investments discussed are held in client accounts as of March 31, 2013. These investments may or may not be currently held in client accounts. The reader should not assume that any investments identified were or will be profitable or that any investment recommendations or investment decisions we make in the future will be profitable.
Covestor Ltd. is a registered investment advisor. Covestor licenses investment strategies from its Model Managers to establish investment models. The commentary here is provided as general and impersonal information and should not be construed as recommendations or advice. Information from Model Managers and third-party sources deemed to be reliable but not guaranteed. Past performance is no guarantee of future results. Transaction histories for Covestor models available upon request. Additional important disclosures available at http://site.covestor.com/help/disclosures. For information about Covestor and its services, go to http://covestor.com or contact Covestor Client Services at (866) 825-3005, x703.
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