New iPhone 5 Shipment Estimates, Sony Downgraded by Moody’s: Tech Business Roundup
Apple (NASDAQ:AAPL) shares partially reverse Thursday’s losses as Gene Munster reports that his team’s checks indicate that iPhone 5 supplies are increasing, and it might now be only 2 to 3 weeks before the device is “consistently available to consumers.” Somewhat separately, AT&T (NYSE:T) says that its iPhone 5 supply situation is improving prior to the big shopping season. However, the online Apple Store continues to set shipping times for all models at 3 to 4 weeks.
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Since Oracle Corporation (NASDAQ:ORCL) is now legally mandated to support it, Intel Corporation (NASDAQ:INTC) reports a refresh for its Itanium high-end server CPU line, whose market share represents a small part of the Xeon line. The Itanium 9500 promises more than twice the performance of its predecessor and boasts new features which are meant to enhance reliability.
Sony Corporation (NYSE:SNE) suffers a debt rating downgrade at Moody’s from Baa2 to Baa3, a move which now has it just one gradation above junk. The ratings agency is said to be concerned about soft demand for consumer electronics and cautions that Sony’s non-financial services could remain unprofitable in the absence of a major restructuring.