3 Tech Titans Making Noise: Apple’s New Hardware, Amazon Expands Europe Footprint, Nokia’s New Toys
Apple Inc. (NASDAQ:AAPL): Apple on Tuesday unveiled a thinner and lighter version of its 9.7-inch iPad, newly named the iPad Air, as well as a model of its 7.9-inch iPad mini that features Apple’s Retina display (the same resolution as the larger Air). The company also announced that is new computer OS, Mavericks, will be offered for free to Mac users; the iPad Air features Apple’s A7 chip and M7 motion co-processor, both of which are found in the iPhone 5S.
Amazon.com Inc. (NASDAQ:AMZN): Shortly after its plans for new warehouses in Poland surfaced, Amazon announced that it will be opening two new distribution centers in the Czech Republic next year to better help satisfy demand in Europe. Separately, Amazon has increased the minimum basket size that qualifies for free shipping to $35, the first increase in the U.S. on the free shipping minimum in more than 10 years; the move is likely an effort to encourage more people to sign up for Amazon Prime.
Nokia Corp. (NYSE:NOK): Nokia officially pulled the wraps off its first tablet and two large-screen smartphones at its Tuesday event in Abu Dhabi, as well as three new, low-end Asha phones. The tablet uses Microsoft’s Windows 8.1 RT operating system and has a 10.1-inch screen, 4G LTE capability, and 1080p HD resolution; the two smartphones boast 6-inch screens and a Beamer app that enables the phones to stream the contents of their screens to another display. Separately, Third Point Capital’s Daniel Loeb revealed that he has taken up a position in Nokia.