Post Tagged with: "Apple"

Report: iPhone 3G is Top-Selling U.S. Smartphone
/ October 6, 2008 2:56 pm

Port Washington, N.Y. - Apple’s (NASD: AAPL) iPhone 3G was the top-selling smartphone among U.S. consumers from June-August, commanding 24% market share, and was second only to Motorola’s (NYSE: MOT) RAZR in overall mobile phone sales, according to a report from market research firm NPD Group.

The first-generation iPhone generated 11% market share from January-May. NPD also found that 30% of iPhone 3G buyers switched from their existing carrier to AT&T (NYSE: T), the exclusive iPhone carrier in the U.S.

Nearly half of these (47%) came from Verizon, [...].

Apple: Citizen Journalism Report of Steve Jobs Heart Attack False
/ October 3, 2008 11:57 am

New York - Apple (NASD: AAPL) has denied a report posted on CNN’s iReport citizen journalism site that said its chief executive, Steve Jobs, had suffered "a major heart attack" and was rushed to an emergency room, Reuters reported.

"It is not true," Apple spokesman Steve Dowling told Reuters.

Before the story was denied by Apple and removed from the iReport site by CNN, it had sent Apple shares down more than 2%; shares later recovered, rising nearly 4%.

Jobs, a cancer survivor, has recently elicited some worry [...].

Copyright Royalty Board Rejects Rate Hike for Songwriters
/ October 2, 2008 2:05 pm
Copyright Royalty Board Rejects Rate Hike for Songwriters

Washington - The rate that digital retailers like Apple’s (NASD: AAPL) iTunes must pay songwriters and music publishers will stay the same under a decision handed down Thursday by the Copyright Royalty Board (CRB), which rejected the publishers’ petition for a 66% rate hike. The decision to freeze royalty rates at 9 cents per song for songwriters and music publishers comes as it was revealed this week by Fortune magazine, that Apple said in a letter sent to the CRB last year it might shutter its iTunes [...].

Apple Drops NDA for iPhone Application Developers
/ October 1, 2008 4:48 pm

Cupertino, Calif. - Apple (NASD: AAPL) on Wednesday announced it is dropping the non-disclosure agreement (NDA) it had been making iPhone developers sign for released iPhone software. The move is expected to improve and accelerate iPhone application development, as developers are able to share their experiences with one another. "We put the NDA in place because the iPhone OS includes many Apple inventions and innovations that we would like to protect, so that others don’t steal our work… However, the NDA has created too much of a burden [...].

Apple Threatens to Shutter iTunes Over Royalty Rate Hike
/ October 1, 2008 1:52 pm
Apple Threatens to Shutter iTunes Over Royalty Rate Hike

New York - In a statement filed with the Copyright Royalty Board (CRB) last year, Apple (NASD: AAPL) threatened to shut down its iTunes Store should the board increase in the royalty rates that would make the Web store unprofitable — a move the board may make tomorrow, Fortune reported. Songwriters and music publishers have petitioned the CRB to increase their royalty payments by six cents per song, a hike opposed by Apple and others including the major record labels, who favor paying instead a percentage of [...].

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Nasdaq Falls Nearly 7% Following Rejection of Bailout Bill
/ September 29, 2008 4:17 pm
Nasdaq Falls Nearly 7% Following Rejection of Bailout Bill

Washington - The Nasdaq on Monday closed down 6.6%, after the House of Representatives rejected the $700 billion bailout of the nation’s financial system. Following a 228-205 defeat of the bill, House leaders — amid heavily partisan squabbling – vowed to redouble their efforts to get a similar bill passed on the coming days. Along with the downturn on the Nasdaq, the Dow Jones industrial average also saw its worst drop on record, falling 778 points on Monday.

Analysts noted that even with an eventual passage of legislation, [...].

Test Case on Opening iTunes to Non-iPods Launched in Norway
/ September 29, 2008 3:24 pm

Oslo - Norway’s consumer ombudsman on Monday announced plans to petition that country’s Market Council to compel Apple (NASD: AAPL) to open its iTunes Store to competing digital music players aside from its own iPod, the Associated Press reported.

Bjoern Erik Thon told AP that Norway was chosen to mount a test case against Apple over this issue after consultation with his consumer advocate counterparts in Denmark, Finland, France and Germany.

"It’s a consumer’s right to transfer and play digital content bought and downloaded from the Internet to the music [...].

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