3 Tech Titans Making Noise: Apple’s iPhone Hiccups, Cisco’s Purchase Problems, Amazon’s Next Fire
Apple Inc. (NASDAQ:AAPL): Despite being awarded the license needed to operate on China Mobile’s (NYSE:CHL) network — leading the two companies closer to a deal — shares of Apple are off nearly 5 percent in the wake of Tuesday’s iPhone 5S and 5C release. The latter, supposedly the more affordable alternative to its pricy sibling, is still an expensive unit, drawing concerns over its viability in emerging markets. The phone, without a contract, sells for $730 or so, just $130 shy of its metal-clad counterpart.
Cisco Systems (NASDAQ:CSCO): Cisco’s purchase of Whiptail gives the company its first taste of data storage, and its new purchase is apparently putting pressure on other storage partnerships, like the company’s relationship with EMC. Whiptail’s products also compete with IBM’s (NYSE:IBM) Texas Memory unit and NetApp’s (NASDAQ:NTAP) flash products. Whiptail relies on a proprietary operating system, built from scratch to handle flash storage, something it believes yields superior performance.
Amazon.com (NASDAQ:AMZN): BGR has obtained pictures of Amazon’s next generation Kindle Fire HD, which will reportedly feature a high-resolution 1,920 x 1,200-pixel display, a quad-core Qualcomm Snapdragon 800 chipset clocked at more than 2GHz, 2GB of RAM, Wi-Fi, optional cellular data, Android 4.2.2 Jelly Bean, and either 16GB, 32GB, or 64GB of internal storage. BGR says “Amazon’s new high-definition slates are shaping up to be two of the most impressive tablets in the world when they debut,” and these stats certainly back that claim up.