Oct. 22 is shaping up as a very busy day in the technology sector, with events scheduled by Microsoft
) and, probably, Apple
). Apple is a member of my Jubak's Picks portfolio
Apple's iPad 5 has been a long time coming -- the iPad 4 was released about a year ago. Rumors say the new iPad will be thinner and lighter with an improved camera. The price tag is expected to be similar to past launches, with a 16GB version selling for $499. If Apple follows past form, the iPad 5 would go on sale about a week after the event on Nov. 1.
The big question on the iPad Mini is whether or not it will match the iPad’s "Retina" display. News from Apple’s supply chain says that Apple has been having production trouble with the Retina display for the Mini and that the company won’t be able to do a global launch of a Mini with that high quality display before Christmas. Other rumors say the Mini will be available in a variety of colors like the iPhone 5C.
Some analysts on Wall Street point to data showing that the tablet market shrank in the second quarter as evidence that there’s pent up demand for new tablet models such as the iPad 5 and the iPad Mini. Global tablet sales fell 9.7 percent to 45.1 million in the second quarter with iPad shipments falling to 14.6 million units from 19.5 million in the first quarter, according to IDC.
Microsoft is expected to announce the Surface 2 tablet on that date. Nokia is expected to launch two products that day: the Sirius tablet and the Lumia 1520 tablet running on Windows Phone 8. (Microsoft owns and publishes Top Stocks, an MSN Money site.)
At the time of this writing, Jim Jubak didn't own shares of any companies mentioned in this post in personal portfolios. When in 2010 he started the mutual fund he manages, Jubak Global Equity Fund (JUBAX), he liquidated all his individual stock holdings and put the money into the fund. The fund may or may not own positions in any stock mentioned. The fund did own shares of Apple as of the end of June. For a full list of the stocks in the fund as of the end of the most recent quarter, see the fund's portfolio here.