2 Latest Updates: Apple Inc. (NASDAQ:AAPL) & Nokia Corporation (NYSE:NOK)

Apple likely to update Retina iPad

According to sources, Apple Inc.(NASDAQ:AAPL) is aiming to come out with an improved version of the iPad, one of the changes being that it would be lighter than the earlier model. Another improvement could be the LED backlight apparatus. A thinner product with a longer battery life will be the result.

In a research report published last week, DisplaySearch said, "Apple is working with the LCD supply chain to refresh the display, including revising the LED backlight design for cost reduction, refining the thermal solution, reducing the weight by replacing some components, and fine tuning the panel transmittance for lower power consumption."

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If Apple actually goes ahead with this new version, about 7 million updated Retina iPads could be produced in October. In addition, Apple also has plans to come out with an iPad Mini with an IPS 7.85 inch display later this year.

Nokia’s new flagship phone to hit the market in November

If sources at telecom operators are to be believed, the Lumia 920, Nokia Corporation (ADR)(NYSE:NOK)’s new flagship phone will be available on European store shelves in November. A taller display, camera lenses with ‘shift’ facility and inbuilt wireless charging facility are some of its special features. Nokia did not disclose either the price or the availability date of this phone or the Lumia 820 at the launch party held earlier this week.

Nokia is desperately attempting to regain its foothold in the mobile phone market and the much wanted turnaround will hinge on the success of these two new models. Investors, who were probably expecting more features, were however disappointed and the Nokia stock actually tanked on the day of the unveiling.

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A source at an eastern European operator said that Lumia 920 sales will start in late November. Larger countries are expected to start selling much earlier. However, there was no comment forthcoming from Nokia.
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