Here are today's Apple rumors and AAPL stock items. Amazon Braces Kindle Fire
for iPad 3 Impact: Amazon (NASDAQ: AMZN ) will halve orders for its Kindle Fire
tablet during the first quarter of 2012. The online retailer will, according to
a Friday report at Apple Insider , cut production to 3 million tablets due to
lower, post-holiday demand and the impending release of Apples third-generation
iPad. Apple is expected to announce and release the iPad 3 during the first
quarter. Rumors suggest that Apple will also continue to produce the current
iPad 2 model and reposition it as a low-cost alternative to the high-end iPad 3.
This means that Apple and Amazon will potentially be competing on equal price
footing by the end of spring. Amazon, meanwhile, is rumored to be preparing
multiple new Kindle Fire models, including a high-end model that will more
directly compete with the iPad in terms of functionality. Apple Market Cap
Crests $400 Billion: Apple ended the week on an exciting note. After announcing
its new textbook-centric initiative with the iBooks 2, iBooks Author, and iTunes
U apps, the companys market cap passed $400 billion for the first time, bringing
it ever closer to becoming the most valuable company in the world. Right now
Exxon Mobil (NYSE: XOM ) continues to claim that title with a market cap of $417
billion. As of this writing, Apples market cap has dipped back down, to just
above $395 billion. China Telecom Finally Gets iPhone: Rumors that its
competitors will support the iPhone have swirled for years now, but China Unicom
(NYSE: CHU ) remains the sole official carrier of Apples device in China. A
Friday report in the Wall Street Journal , however, said that China Telecom
(NYSE: CHA ) may finally get its shot at the market. Apple was granted a license
for an iPhone model compatible with China Telecoms network . Apple and China
Telecom have yet to confirm that the iPhone will branch out in China. Given
Apples lust for expansion in the region, though, this new certification seems a
sure sign that the iPhone will no longer be a one-telecom phone in China. As of
this writing, Anthony John Agnello did not hold a position in any of the
aforementioned stocks. Follow him on Twitter at
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