Tech Business Roundup: Netflix Hits A BILLION, Apple’s iPad Mini Is COMING

Netflix (NASDAQ:NFLX) shares pop following a Facebook post by Reed Hastings that said that Netflix’s monthly viewing exceeded 1 billion hours in June. This represents 80 minutes of viewing per subscriber, calculates Richard Greenfield at BTIG, which puts Netflix at an equal level with the top cable networks.

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The long anticipated Apple (NASDAQ:AAPL) iPad Mini is ‘in the works’, according to Bloomberg and the Wall Street Journal, which are the highest profile sources yet, and shares move up Thursday in response. Brian White at Topeka ($1,111 price target) thinks that a smaller iPad ‘could cannibalize 20 percent of regular iPad sales’, but that the newer device might ultimately out-ship the larger, and also bring huge sales in the education sector.

Research In Motion (NASDAQ:RIMM) is said to be under pressure from Verizon and AT&T to reduce the BlackBerry Internet Service fees it charges some 78 million subscribers. The service comprises more than one third of RIM’s revenues, and is indispensable as loss from hardware increase.

Apple is under increasing speculation that it intends to integrate Yelp’s (NYSE:YELP) check-in feature for points of interest within its new mapping software, that will accompany iOS 6. Yelp shares jump in reaction on Thursday.

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