Michael Walkley News
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Apple Inc. is starting an iPhone trade-in program this month aimed at getting users to upgrade to the iPhone 5 and turn in older models, people with knowledge of the plans said.
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Chinese stocks fell in New York for the first time in six days, led by Spreadtrum Communications Inc., on concern the Federal Reserve will step back from more stimulus, curbing inflows into emerging markets.
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Apple Inc.’s iPhone sales topped some estimates in the fiscal second quarter amid strong demand for older models, according to Canaccord Genuity Inc., which raised its projection by 7.2 percent to 37 million units.
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Research In Motion Ltd. plunged 19 percent, the biggest decline in more than a year, after posting a loss and delaying the next BlackBerry operating system, increasing pressure on the company to find an acquirer.
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Canadian stocks fell for a second day as Research In Motion Ltd. dropped after an analyst downgrade and oil and copper producers declined on concern slowing economic growth will curb demand.
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Apple Inc., after years of hyper growth, is starting to look more like a value stock, according to some analysts reacting to the iPhone maker’s financial results.
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Apple Inc., getting a boost from anticipation of the new iPad, rose to a record today and may climb 19 percent to $700, according to analysts who raised their price targets for the stock.
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Motorola Mobility Holdings Inc., spun off in January from Motorola Inc., declined in New York trading after the Droid smartphone maker forecast profit for this quarter and full year that trailed analysts’ estimates.
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Research In Motion Ltd., depending on its new PlayBook to bolster sales as demand for its BlackBerry phones withers, may have shipped just one of the tablet computers last quarter for every 19 iPads from Apple Inc.
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Samsung Electronics Co. regained the lead in smartphones from Apple Inc. in the first quarter of this year. One of its weapons: screens of many different sizes.
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