Apple Faces Supply Constraints and 3 Hot Stocks Move Today
Apple Inc. (NASDAQ:AAPL): According to a DigiTimes report that was released on Wednesday, Apple’s poor yields in the production of display parts for both the iPad mini and iMacs possibly could constrain shipments of both products throughout 2012. “Mass production of panels used in the iPad mini has reportedly suffered low yield rates, and backlight module providers have also had a shortage of supplies, which is affecting the amount of iPad minis that can be shipped in 2012,” DigiTimes quoted a source as saying.
Facebook, Inc. (NASDAQ:FB) a Gifts service allowing U.S. users to purchase gifts for their friends, The New York Times reports. To fully utilize the service, users will be required to provide the social network with both their street addresses and credit card numbers, the newspaper reported.
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AT&T, Inc. (NYSE:T) along with Italian betting company Lottomatica Group SpA tapped bond markets although credit risk rose due to concerns that U.S. budget have not made much progress. AT&T has begun to market its first bonds in euros since April 2008, and Lottomatica’s offering of benchmark notes has come after a two-year issuance hiatus, indicates data compiled by Bloomberg. The cost to insure corporate debt with credit-default swaps saw its highest peak in a week.
Nokia Corporation (NYSE:NOK): Research In Motion (NASDAQ:RIMM) lost a contract dispute regarding the use of Nokia patents in a case with the potential to cease the sales of its BlackBerry phones if unable to come to an agreement concerning the payment of royalties to Nokia, according to Reuters. Nokia claims that a Swedish arbitrator ruled that “RIM was in breach of contract and is not entitled to manufacture or sell WLAN products without first agreeing royalties with Nokia.”