The record labels complained for years that Apple (AAPL) wouldn't let them set their own prices in iTunes. Then, last year, Apple caved. The labels promptly jacked up prices. And guess what happened? Sales slowed -- hard.
Media Memo's Peter Kafka writes, "perhaps it wasn’t a great idea to raise prices 30 percent during a recession."
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New York, Feb 9th (TradersHuddle.com) - Shares of Apple, Inc. (NASDAQ:AAPL) are trading
very close to calculated support at $190.85 with current price action closing at just $194.12 places
the stock price near levels where traders will start paying attention.
Apple Inc. (NASDAQ:AAPL) designs, manufactures, and markets personal computers,. Read More --
Google, Apple gain smartphone share at expense of Palm, RIM and Microsoft (comScore)
TALF losses from CMBS could exceed $500m for US Treasury in the worst case scenario (GAO via FT Alphaville)
Assets of the largest 1,000 banks in the world grew by 6.8% in FY 2008/2009 to a record $96.4 trillion (IFSL)
Hulu Surpasses 1 Billion Monthly [...]
Guest: Eric Savitz, Barron’s discusses some of the most important technology news and how it will play with stocks. We review Google’s (GOOG) China dilemma as well as the outlook for the Apple (AAPL) iPad. But first, a look at the week and the weak Euro. What is going to become of the Eurozone markets?
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LISTEN [...]
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PCWorld.com is right on the money regarding the issues with the new iPad from Apple Inc. (NASDAQ:AAPL), such as there's no multitasking in the OS at all, and not even multiple active web pages in Safari. You can't listen to Pandora while you surf the Web, or switch back and forth between Facebook at Twitter, or write a document in Pages while talking on a VOIP call. Adobe Flash missing is a huge loss, no watching Hulu.com? No Camera and most of all, no iPants.
Docks with keyboards are one thing, but Apple missed out on the perfect opportunity to introduce iFashion with the iPants - pants with pockets big enough for your iPad.
Here are the 3 major announcements of the week. Each was a disappointment in one way or another. Mostly due to either a big miss as in Alcoa’s (AA) case or a concern over the credit quality of the portfolio and top line from JP Morgan (JPM). Intel (INTC) actually looked good, but maybe investors [...]
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