Reports on Communication Giants: (NASDAQ: AAPL), (NASDAQ: RIMM)
New York, NY -- (SBWIRE) -- 12/20/2012 -- Apple Inc. (NASDAQ: AAPL), the Cupertino, California-based technology giant, is marginally lower in mid-day trading today, reversing some of the gains from earlier in the week. AAPL had rebounded earlier this week after posting significant losses in the previous two weeks. The stock rose on Monday after the company reported that iPhone 5 first weekend sales in China exceeded two million.
AAPL is currently trading 0.88% lower at $521.70 on volume of 7.84 million, which is well below the daily average volume of 24.02 million. The stock is still up more than 2.3% for the week. However, it has fallen nearly 7% in the last one month.
Research In Motion Limited (NASDAQ: RIMM), the maker of BlackBerry smartphones, is marginally higher in mid-day trading today as investors await the release of its third-quarter financial results. The Canada-based company will release its third-quarter results after-market close today.
RIMM has had an excellent run since the start of November, gaining more than 73%. The gains have come amid expectations that the launch of BlackBerry 10 operating system and two new phones in January will help the company’s turnaround efforts.
RIMM is currently trading 0.88% higher at $13.75 on volume of 15.22 million. The stock has fallen more than 2% so far this week.
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