Nokia Corporation (NYSE:NOK): According to study results from research firm Strategy Analytics, the number of smartphones being used around the world surpassed 1 billion units for the first time in the third quarter. The study’s findings are consistent with a statement made last week by Eric Schmidt, Google’s (NASDAQ:GOOG) executive chairman.
Microsoft Corporation (NASDAQ:MSFT): Microsoft Corporation’s latest foray into the tablet market, the Surface, and Apple’s compact version of the iPad, widely referred to as the iPad Mini, could expand the field for small businesses who are trying to increase productivity by introducing more options in the mobile device segment. This will offer mid market companies who have limited budgets a way to connect with central offices while on the road or in the field.
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Wells Fargo & Company (NYSE:WFC): According to the San Francisco Business Times, Wells Fargo Securities, the capital market and investment-banking business of Wells Fargo & Company, have created a division to serve Wall Street since the bank’s menu of services has expanded with new hires and acquisitions. The San Francisco-based bank has seen a boost in those business lines since their 2008 purchase of the Charlotte-based Wachovia Corp.
Advanced Micro Devices (NYSE:AMD): According to PCMag, who cited sources with knowledge of the company’s plans, struggling Advanced Micro Devices will announce massive layoffs that could see nearly a third of their workforce handed pink slips. The layoffs will primarily affect AMD’s United States employees and the downsizing will mainly target those working in platform engineering, mobile and embedded chip development. The process will begin Thursday and continue through Oct. 25. AMD will announce their third-quarter earnings tomorrow and they have already indicated that they have had poor results over the past three months.
Apple, Inc. (NASDAQ:AAPL): Apple devices may be getting smaller, but iOS application file sizes are growing. According to new data from ABI Research, the global average iOS app size across all categories was 23 megabytes in September, 16% larger than in March. Gaming is the most popular app category and most of these apps now come in at 60MB, a 42% increase over the last six months. ABI attributed the increase to the Retina display of the new iPad as well as Apple’s more liberal submission policy. In March, Apple increased the size limits on downloadable applications from 20MB to 50MB.