Apple Inc. (NASDAQ:AAPL) shares advanced more than 2% to $539.21 early Tuesday, leading an early technology sector progress. Chip stocks were as well in rally mode, with Intel Corp. (NASDAQ:INTC) enhancing 2.0% and Texas Instruments Incorporated (NASDAQ:TXN) rising almost 2%.
The Nasdaq Composite Index increased almost 1% to 3,010, whereas the Philadelphia Semiconductor Index went up in excess of 1%. [article_detail_ad_1]
Apple Inc. (NASDAQ:AAPL) is ready to release the iPhone 5 in Greater China on Friday, at least to customers of the country’s second biggest phone carrier, China Unicom Limited (NYSE:CHU).
As said by the telecom company’s official Sina Weibo blog (via Macworld), 300,000 customers have previously preordered Apple’s latest smartphone, with the maximum demand coming from the cities of Beijing and Shanghai, besides the Guangdong and Shandong provinces.
Intel Corp. (NASDAQ:INTC) presented latest manufacturing technology that it said keeps it on track to commence a new generation of chips for smartphones and tablets as it rushes to catch up with Qualcomm and other competitors in the rapid-growing mobile market.
The world’s biggest chipmaker governs the PC industry but has been slow to adapt its processors for mobile devices that depend on batteries and demand power competence.
Texas Instruments Inc. (NASDAQ:TXN) nudged up its view of core fourth-quarter earnings after accounting for the full cost of its exit from most of the mobile-chip market.
The Dallas firm now anticipates earnings between five cents and nine cents a share, a figure that comprises 21 cents for restructuring expenses and six cents of other costs. Its less-downbeat October outlook claimed 23 cents to 31 cents per share and just six cents of costs.