Apple Pulls Previous Generation and 2 Tech Titans on the Move
Micron Technology, Inc. (NASDAQ:MU): Inotera, a joint venture between Taiwan’s Nanya Technology Corp. and the United States based Micron Technology Inc., said that sluggish demand has prompted the company to cut their output of DRAM chips used in PCs. However, they declined to say how much capacity has been idled since then. Inotera said that the net loss for the three months ended on September 3 and narrowed New Taiwan dollars (US$150 million) from NT$7.02 billion to 4.39 billion. It was worse than the average forecast of an NT$3.00 billion net loss by Factset.
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Apple Inc. (NASDAQ:AAPL): Although Apple Inc. has unveiled their redesigned iMac desktop computers, they have none to sell nor are they taking pre-orders for the slimmer, higher-priced all-in-one. At the same time, Apple pulled the previous generation of iMacs from their website. As of this morning, Apple’s online store showed that both the 21.5 and 27 inch iMac models will be available for shipping in November and December, respectively. There is no way to pre-order the new machines.
Google Inc. (NASDAQ:GOOG): With Google Inc. now testing their self-driving car on California highways, automakers and United States regulators are anticipating what safety hurdles must be overcome to make vehicle autonomy real. Regulators see autonomous vehicles as a means to reduce U.S. traffic deaths, which have declined for six straight years while killing an estimated 32,310 people last year. They are now working with the designers as well as potential car sellers who can see more clearly and help address a quick method for the deployment of the technology. They are also looking into a way to make sure that autonomous cars can interact with those controlled by people and what to do when crashes inevitably happen.