Apple Dips and 2 Tech Titans on the Move
Apple Inc. (NASDAQ:AAPL) stock has seen a drop of more than 20 percent from the all-time high of $705.07 that it hit on Sept. 21, the day the iPhone5 was released. The sell-off comes as Apple has begun to prepare other new products for sale, which includes the iPad Mini. Last month, the company warned that the costs of making new gadgets would likely cut into profit during its holiday quarter. Apple Inc. continues to have the world’s largest market capitalization at $548 billion, and Exxon Mobil Corp. follows it, at about $418 billion. Apple shares dropped 3.5 percent to $559.86 in midday trading on Wednesday. The tech-heavy Nasdaq composite index has fallen 2.6 percent.
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Google Inc. (NASDAQ:GOOG): Each version of Android that is launched by Google has featured improved security, and the most recent release falls right in line. Android 4.2 Jelly Bean is expected to include a built-in app scanner, claims Android vice president of engineering Hiroshi Lockheimer, who spoke last week with Computerworld’s JR Raphael. The app scanner, hinted at last month, is a thin client of the Google Play store’s Bouncer software, which scans every app uploaded to the official Android app store. If a user chooses to “sideload” an app from elsewhere directly to a device, Android 4.2 will prompt the user to “verify” it.
Intel Corporation (NASDAQ:INTC): It is reported that Apple is investigating a transition from Intel’s x86 chips to ARM-based processors in its OS X product line, according to three anonymous sources. Bloomberg stated that Apple engineers have prepared for a transition to ARM chips, but due to the company’s commitment to Intel hardware the change will take a few years.
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