Apple iPad 3 Rumor Defies Steve Jobs

Apple (NASDAQ:AAPL) is likely to market an iPad with a 7.85-inch display by Q4 2012, with the company buying LCD panels from LPL and AUO, claim Digitimes’ sources. The impressive performance of the 7-inch Kindle Fire (NASDAQ:AMZN) with its $199 price tag could be prompting Apple to look into selling a cheaper iPad. However, Steve Jobs stubbornly opposed 7-inch tablets.

Here’s how Apple and Amazon stocks closed the week:

Apple Inc. (NASDAQ:AAPL): AAPL shares recently traded at $381.02, up $2.08, or 0.55%. They have traded in a 52-week range of $310.50 to $426.70. Volume today was 13,740,933 shares versus a 3-month average volume of 18,575,300 shares. The company’s trailing P/E is 13.77, while trailing earnings are $27.68 per share. Get the most recent company news and stock data here >>

Amazon.com Inc. (NASDAQ:AMZN): AMZN shares recently traded at $181.26,. They have traded in a 52-week range of $160.59 to $246.71. Volume today was 6,182,731 shares versus a 3-month average volume of 7,222,140 shares. The company’s trailing P/E is 95.55, while trailing earnings are $1.90 per share. Get the most recent company news and stock data here >>

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