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$WDC's hard disk drives share fell to 43.2% in 2Q16 from 43.4% last year. Total volume of HDD dropped to 49.7MM from 61MM, while average selling price rose to $61 from $60. Notebook volume fell to 15.32MM from 21.18MM and desktop volume decreased to 12.46MM from 15.38MM units as well as consumer electronics volume slid to 8.46MM from 9.3MM.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.