Wednesday Apple Rumors: Apple May Offer iPad Refund

by Adam Patterson | March 28, 2012 11:49 am

daily apple rumors AAPL[1]Here are your Apple rumors[2] and AAPL news items for Wednesday:

Apple May Offer Aussie iPad Refund: In light of consumer complaints that Apple’s new iPad is unable to sync[3] with Australian 4G networks, the tech giant is considering a mass consumer refund. Bloomberg reports that Apple has just announced it may offer Australian purchasers of the new iPad a full refund[4] following broad dissatisfaction with the tablet’s telecom compatibility. It remains to be seen, though, whether that could prove a setback for Apple against tablet competitors Amazon (NASDAQ:AMZN[5]) and Barnes & Noble (NYSE:BKS[6]).

Tim Cook Meets With Chinese Vice-Premier: As part of an ongoing corporate diplomacy mission[7], Apple (NASDAQ:AAPL[8]) CEO Tim Cook has started holding talks with Chinese Vice-Premier Li Keqiang. The Wall Street Journal reports that the second day of Cook’s PR mission to China was centered on fostering strong relations[9] between the Apple board and China’s most likely future leader. The CEO’s much-publicized visit seems explicitly political: Positive communication with the figurehead slated to become the leader of the world’s largest market[10] for Apple handhelds may prove crucial in light of ongoing legal difficulties[11] with China.

Taiwanese Firm Makes Aggressive Bid for Apple TV: Following rapid development of Apple’s streaming-content product, Taiwanese tech manufacturer Hon Hai Precision (PINK:HNHAF[12]) has made clear intentions to be a key Apple TV manufacturing partner. As Reuters reports, Hon Hai’s aggressive business move[13] may be angled toward snatching a manufacturing pact from Korean competitor LG Display (NYSE:LPL[14]), and could begin a shift at Apple in working more closely with Hon Hai.

Adam Patterson is an Assistant Editor of InvestorPlace. As of this writing, he did not hold a position in any of the aforementioned securities[15]. For more from the company, check out our previous Apple Rumors[16] stories.

Endnotes:
  1. [Image]: http://investorplace.com/hot-topics/apple-rumors-stock-news/
  2. Apple rumors: http://investorplace.com/hot-topics/apple-rumors-stock-news/
  3. unable to sync: http://investorplace.com/2012/03/tuesday-apple-rumors-australian-regulator-targets-apple/
  4. full refund: http://www.bloomberg.com/news/2012-03-28/apple-says-it-may-offer-ipad-refunds-to-customers-in-australia.html
  5. AMZN: http://studio-5.financialcontent.com/investplace/quote?Symbol=AMZN
  6. BKS: http://studio-5.financialcontent.com/investplace/quote?Symbol=BKS
  7. corporate diplomacy mission: http://investorplace.com/2012/03/tuesday-apple-rumors-australian-regulator-targets-apple/
  8. AAPL: http://studio-5.financialcontent.com/investplace/quote?Symbol=AAPL
  9. fostering strong relations: http://online.wsj.com/article/SB10001424052702303816504577309293480251760.html
  10. largest market: http://investorplace.com/2012/03/friday-apple-rumors-china-now-worlds-top-iphone-purchaser/
  11. ongoing legal difficulties: http://investorplace.com/2012/03/monday-apple-rumors-chinese-ipad-smuggling-up/
  12. HNHAF: http://studio-5.financialcontent.com/investplace/quote?Symbol=HNHAF
  13. aggressive business move: http://www.reuters.com/article/2012/03/28/us-honhai-sharp-idUSBRE82R0B620120328
  14. LPL: http://studio-5.financialcontent.com/investplace/quote?Symbol=LPL
  15. securities: http://investorplace.com/investing-in-securities/
  16. Apple Rumors: http://investorplace.com/2012/02/hot-topics/apple-rumors-stock-news/

Source URL: http://investorplace.com/2012/03/wednesday-apple-rumors-apple-may-offer-ipad-refund/
Short URL: http://investorplace.com/?p=147062

Copyright ©2013 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.