“In addition to an event on Tuesday at its Cupertino, Calif., headquarters, where it is expected to unveil new models of the iPhone, Apple also invited the media to a presentation on Sept. 11 in Beijing,” Chang reports. “The China event has prompted speculation that Apple will launch the iPhone with China Mobile Ltd.”
Chang reports, “Microsoft Corp. slid 2% on the heels of a downgrade at Morgan Stanley to equal weight. ‘The proposed Nokia mobile deal represents a good strategy to build Windows smartphone share longer term, in our view. However, investors likely discount MSFT’s ability to well execute thru the vertical integration and marketing challenges ahead and an additional ~$19B in [expenses] adds to the risk profile,’ Morgan Stanley’s Keith Weiss said in a report.”
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