Video: Top News
Next mobile trouble and success for apple plus mobile gains for Google. First up apple more -- reacting to the latest report about cuts in parts orders for the iPhone 5. BMO lowering its unit sales estimate of the Smartphone or JPMorgan Credit -- not concerned Credit Suisse -- supply -- noise. JPM is actually concerned about a different device the iPad if things sales of the tablet in the fourth quarter and coming lower than expected. Brokers attributed the shortfall that supply problem not a demand one. BMO JPM trimming their price targets on apple JPM going from 77 to 725 and BMO from 67 to 640. Shares they're down a -- near 500. Tech giants like apple are flush with cash in its case more than 100 billion dollars now. They haven't been buying companies feel they've got to deploy the cash somewhere. -- turns out apple Google and Microsoft are -- of junk bonds in the desperate search for yield. Rules even find leveraged loans not what we're treasures they typically invest in safer high quality corporate bonds. We'll spreads hide in a low interest rate environment treasures that some tech companies are boosting their investments and lower rated longer dated and more junior bonds. Noble lady raising more of that cash from its tablet business. While the iPad -- Galaxy Tab from Samsung are among the top sellers of tablets the nexus seven maybe gaining real traction. In Japan Nikkei reports that Google device deep iPad and holiday sales. It's just a local research firm's survey of 2400 stores found. That the nexus captured more than 44% of all tablet sales while iPad that 40% share. The big factor here could be price nexus sells for about 100 dollars less than iPad -- in Japan. And nexus is selling on Britain to and Europe's second largest electronics chain Dixon's. Top sellers during the holiday season where. I iPad Samsung galaxy. And the nexus. Shares of Google are down fractionally today. Soaring inspiring time our look at movers first or is ASN now. The world's leading provider of tools for making computer chips warned of a weak first quarter but said it sees a recovery in the following months as Smartphone and tablet makers. Shift to the next generation of chips. Shares up more than 8% to 52 week high. And sputtering leap wireless -- cutting the low cost mobile services provider to underperform from hold shares down 7%. And that's equity this Thursday remembering it falls on Twitter RT ERS equity. I'm Fred Katayama and this is what.
Jan 17 - JPMorgan expresses concerns about Apple's iPad sales while retailers see strong sales of Google's Nexus tablets. ( Transcript )
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