Apple Inc. (NASDAQ:AAPL) Gets China Clearance For New iPad

  on Jun 04,2012 Posted in Business News ,Featured
 
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An Apple Inc. (NASDAQ:AAPL) device has been granted a network access license, indicating that the company is one step behind the launch of its latest version of iPad in the fast-growing Chinese market.

The Wall Street Journal released a report citing China’s Telecommunication Equipment Certification Center said that an Apple device with third-generation, high-speed wireless data capabilities has received the license needed for the company to begin sales in China. Media reports suggest that this country is considered as Apple’s second-largest market after the United States and the source of much of its global sales growth

The device name was not revealed in the notice. However, that model number A1430 is the new iPad sold in the United States which is compatible with the 3G stand wide band code division multiple access, or WCDMA, of Apple’s longtime partner China Unicom Ltd.

According to the latest closing data, Apple Inc (NASDAQ:AAPL) shares fell -2.90% to settle at price $560.99. Intraday trading appeared in a range of $560.52 – $572.65 while in period of a year the stock has floated within a range of $310.50 – $644.00. The last session’s volume of 18.61 million shares competed with an average daily trading volume of 20.68 million shares.

Let’s have look at its direct competitor, Google Inc (NASDAQ:GOOG) shares were down -1.70% to close at $570.98. The price was recorded in a range of $568.35 – $572.65 throughout the last trading session while in period of 12 months shares have been floating between $473.02 and $670.25. The last session’s volume of 3.06 million shares competed with an average daily trading volume of 2.57 million shares.

Another competitor, Hewlett-Packard Company (NYSE:HPQ) shares in last session were -6.31% down breakeven line and closed at $21.25. The stock in last session traded in a range of $21.20 – $22.00 while in period of a year the stock floated within a range of $20.57 – $37.70. The last session’s volume of 31.34million shares competed with an average daily trading volume of 19.34 million shares.

Turning to rival Research In Motion Limited (USA) (NASDAQ:RIMM), traded down -0.68% and price moved to $10.26. Intraday trading recorded price in a range of $10.05 – $10.42 while in 52 weeks price has been floating within a range of $10.01 – $41.27. The last session’s volume of 18.30 million shares competed with an average daily trading volume of 17.51 million shares.

 



 

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