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U.S. Morning Call: Apple set to unwrap mini-iPad

Tuesday, October 23, 2012 - 03:45

Oct 23 - Apple is expected to make its biggest product move today since debuting the iPad two years ago, launching a smaller, cheaper tablet.

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Many iPad could -- them mega profits for apple and FaceBook Netflix your upper earnings after the bell. Here's your morning call for Tuesday. Size does matter at least for apple as it prepares to -- smaller less expensive version of its iPad. Although some analysts say -- -- thinkers and could be at risk to app. Both industry leading margins. The more often people use maps and download books -- that are higher profit apple gets. If the if in other words if they use like an iPhone people don't download that much and he's like an iPad people download -- slots where profits for apple. Product could cost between 20300. Dollars. And -- directly compete with Amazon Kindle fire at Google's nexus seven. Both of which are priced at 200 dollars shares -- apple trading slightly lower at 630 dollars in premarket. Now -- -- of earnings before the -- the united check out already reporting a 3% decline in earnings. It also cut its sales forecast for the year citing weak demand from airlines. And an uncertain economy. Up next Xerox reporting a drop in quarterly revenue as stronger dollar and weak economic conditions in Europe affected the company's global business. Also up before the belt you he adds it's expected to squeeze out a small increase in quarterly profit. After making adjustments to account were slowing global economic growth. And weaker exports from Asia. Netflix reporting after the bell investors hoping for a boost in street subscribers in the US. But also taken its services overseas. Lunching at 49 other countries and a little more than a year. Analysts wondering if the company is over extending its reach here is that gained 19% this month but are still down 44%. From a year ago. A lot of anticipation over Facebook's earnings they're also out after the bell are. Instead users the social network is still under pressure from investors. To capitalize on Mobil one analyst says if you connect the dots between the second and third quarters. You might get people excited about FaceBook. You'll probably get some statistics on what percentage of their users are using mobile and and how active they are in. And how advertising starting to work for the men and become a significant stream of revenues. New markets US stock futures point rate a lower open this morning all lackluster corporate results weighing on investor confidence. Perhaps that you get a little something to lighten the mood. It's monetary policy panel kicks off -- -- needing. If Central Bank expected to keep in place that that's that purchases program. To lower long term borrowing costs it also expects to keep rates low until it leaves me it's funny fifteen. Now fed chief Ben Bernanke he has told some close friend he may not stick around for a second term even President Obama wins the election. That's according to report in the New York Times. Bernanke's term ends in January 2014. Wrap things up let's take a quick look at what Yahoo! is doing this morning shares were trading up 3% of the premarket -- brokerages raised their price target on the stock. Yahoo!'s CEO -- some manners words inspiring a slight extra confidence. In her first appearance yesterday she all that the company. For other investing in the mobile weight and promised to modernize. And make it more Smartphone friendly. That's all for your Tuesday morning call for -- -- follow us on Twitter Reuters Insider. Our Reuters YouTube channel at Reuters dot com slash writers TV. I've got to show up there this is writers.

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U.S. Morning Call: Apple set to unwrap mini-iPad

Tuesday, October 23, 2012 - 03:45