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.
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
- 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.
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%.
cancer survivor, has recently elicited some worry [...].
- 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 [...].
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 [...].
- 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 [...]. one comment
- 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.
that even with an eventual passage of legislation, [...].
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.
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 [...].