Apple iPhone Heading to China and 4 Hot Stocks Move the Market
Bank of America (NYSE:BAC) announced today that it would report its Q4 2012 financial results on Thursday, January 17, 2013. The results will likely be released at 7 a.m. ET, followed by an investor presentation at 8:30 a.m. ET.
Apple Inc. (NASDAQ:AAPL): Soon, the iPhone 5 could be available in China, according to the Wall Street Journal. A regulatory website has reported an Apple device that resembles the iPhone 5 was approved for a network access license in China. The phone is compatible with the network standard that is supported by China Telecom (NYSE:CHA), the regulator added, suggesting that the service provider is closer to offering the phone.
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Facebook, Inc. (NASDAQ:FB): Google’s (NASDAQ:GOOG) Google+ VP of product Bradley Horowitz criticized Facebook’s (NASDAQ:FB) ad strategy on the newsfeed, according to Business Insider. Horowitz believes that showing social recommendations to its users would be more useful, and he added that unlike Facebook, Google doens’t “have to make next week’s payroll by jamming ads at users.”
AT&T, Inc. (NYSE:T) fell into last place on Consumer Reports has released its annual carrier ratings, just as it has during the last two years, which is far behind the top major carrier, Verizon Wireless, in the company’s roundup. Verizon Wireless did relatively wll in the study, as it earned relatively strong marks on voice and data. The only positive in the review of AT&T was its 4G LTE network, actually beating out its chief competitor in this year’s study.
Nokia Corporation (NYSE:NOK) won a contract dispute with Research In Motion Ltd. possibly causing RIM to pay royalty payments and possibly even triggering a ban on sales of its devices in countries including the U.S. Wednesday, Nokia stated that an arbitration panel in Sweden made a ruling on November 6 that RIM breached a WLAN patent that was held by Nokia, with the intention of boosting royalty patents during its disappointing sales of its flagship Lumia devices. Furthermore, the panel’s decision has prohibited RIM from making or selling phones or tablets that use the wireless local area networks (WLAN) switching standard without first agreeing to the payment for damages and royalties to Nokia.
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