New
Apple iPods in 2 to 3 weeks
According to the Australian Apple Inc.(NASDAQ:AAPL) online
store, the new iPod nano and iPod touch models will be available in 2 and 3
weeks respectively. The American online store says ‘October’, which confirms
that the new iPods will indeed be available this month.
Considering that it is two years since the iPod touch was updated,
it is surprising that Apple is taking so long to ship them.
Those crazy about iPods are mighty excited and anxious to lay
their hands on the new devices. Well, they don’t have to wait much longer.
Shares of AAPL are down 1.50%.
JP
Morgan cuts target for Facebook’s Payments unit
JP Morgan slashed the revenue target for Facebook
Inc(NASDAQ:FB)’s Payments unit for fiscal 2013 drastically, from $797 million
to $582 million. The reason for the downgrade is the lower outlook announced by
Zynga, the company which makes games for Facebook.
"We expect Facebook shares to
be pressured in the near term as Zynga's outlook weighs on high-margin Payments
revenue and Facebook's overall earnings profile," said analyst Doug Anmuth
in his note to clients.
Facebook shares fell
2.4 percent in the pre-market trading session, while Zynga tanked 21 percent.
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