Friday, October 5, 2012

Tech News: Apple Inc.(NASDAQ:AAPL) & Facebook Inc (NASDAQ:FB)

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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