) or "TI" has launched two new apps: the TI-Nspire App and
TI-Nspire CAS App for
TI is putting together its powerful graphing technology to
create apps targeted at math students. The app is also intended
to help teachers by increasing interest in on math
Apart from the app, TI continues to support teachers through
its professional offerings. Teachers can access the free
classroom-ready activities through TI-Nspire Apps from their
iPads. They can integrate curriculum into activities through TI's
Math Nspired website.
TI's apps for iPad are available at the App Store for $29.99
each. Teachers will receive a one-year license of the TI-Nspire
and TI-Nspire CAS Teacher Software free if they purchase one of
We view this as a smart move for TI, since the convergence of
technologies could soon pressure its calculator business, which
while accounting for just a small part of its sales, does provide
a seasonal boost during the back-to-school season.
Technology has entered classrooms of late. There are various
apps present in the market, which enable teachers to impart
better and quality education. More teachers prefer this method of
education as it is more interactive and helps students to grasp
the concept better. If TI's app catches on as expected, it may
turn out to be a positive for TI going forward.
As per a report by IDC, Apple sold 22.9 million units of its
iPads in the fourth quarter of fiscal 2012, which was a 48%
year-over-year increase for a 43.6% share of the market. Samsung,
Barnes & Noble
) and others are all vying for a bigger share of the pie.
According to IDC, iPad's market share is declining '(43.6% in
the fourth quarter of fiscal 2012 compared to 51.7% in the
year-ago quarter). This is not really such a concern for TI and
is more or less expected because sooner or later in any
high-growth consumer market, there will be new entrants that will
take share from the market leader.
The more important thing to consider is the strength of the
market itself, which could result in pretty strong growth for the
market leader, especially one as well-entrenched and loved as
iPad. Of course, we do expect TI to create apps for other popular
OSs such as the Android.
In the fourth quarter of fiscal 2012, TI generated total
revenue of $2.98 billion, down 12.1% sequentially and 12.9% year
over year (slightly better than the mid-point of the recently
narrowed guidance range of $2.89 billion to $3.01 billion).
The Analog business fell 9.4% sequentially and 1.5% year over
year. The sequential decline was attributable to broad-based
weakness across the HVAL, HPA, SVA and power management product
Texas Instruments has a Zacks Rank #3 (Hold).
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