Apple Outsold in China and 4 Hot Stocks to Follow
Bank of America (NYSE:BAC): Current Price: $11.33
Because of its commitment to small business, today, Bank of America announced that it was able to reach its goal of hiring over 1,000 small business bankers nationally. Furthermore, Bank of America has extended almost $8.7 billion in new credit to small businesses in 2012, which is a 28 percent rise compared to 2011. This combined new and renewal small business lending came to a total of about $20 billion.
Apple Inc. (NASDAQ:AAPL): Current Price: $510.16
In China, Apple is being outsold by China Wireless Technologies Ltd., a company that is less than 1 percent its size. This indicates the manner in which the lack of low-cost products limits the iPhone-maker in emerging nations, according to Bloomberg. The company is one of four domestic suppliers that is currently outselling Apple in China with smartphones to fit the budget of the nation’s growing middle class. The company’s Coolpad 8060 sells for slightly under $100, which is lower than 20 percent the price of the cheapest iPhone.
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Facebook, Inc. (NASDAQ:FB): Current Price: $31.17
Supposedly, Facebook’s Graph Search has the ability to transform the social network into a huge engine of discovery, which is great for Facebook and its investors, but causes issues for companies who rely on social interaction. The main problem for all of these companies is that Graph Search lets users easily see the preferences and social lives of those who are closest to them. Unfortunately for any companies that used Facebook as a business accelerant, those are what people care about most, giving Facebook an advantage in regards to recommending things as varied as finding the trendiest dinner spot in the city or a comfortable used couch.
AT&T, Inc. (NYSE:T): Current Price: $33.71
The company announced that it intends to completely acquire the Alltel brand, to include all of their 585,000 customers and spectrum. The deal will cost AT&T about $780 million, which AT&T plans to pay off with its new found 700, 850, and 1900 MHz bands of spectrum. Additionally, AT&T will obtain all of Alltel’s network licenses and wireless properties. As of now, Alltel is mainly a rural area provider, providing service mostly in Georgia, Idaho, North Carolina, Ohio, and South Carolina. It is possible that AT&T plans to obtain most of this market and spectrum for their continuing LTE rollout.
Nokia Corporation (NYSE:NOK): Current Price: $4.64
According to a company announcement on Wednesday, Yantana Simavanichkul has been named the new Managing Director for Nokia (Thailand) Ltd. This makes him responsible for Nokia’s overall operations in Thailand, ensuring that the company experiences growth and success, maintaining its leadership in Thailand, and enhancing its position in smartphone market. Previously, Yantana was Head of Sales, Nokia Thailand, for five years. He was responsible for overseeing channel development, performance and strategies, optimizing all sales channels to deliver sustainable competitive advantage and continuous success.
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