This column highlights the most interesting and useful business and financial commentary on Apple today.
The Next Web
Link: Apple Posts Cheeky Court-Ordered Apology to Samsung in the UK
“This is quite something. Apple
(NASDAQ:AAPL) has issued an ‘apology’ to Samsung
(PINK:SSNLF), after a UK court ruled in favor of Samsung
in Apple’s appeal for its intellectual property case against the Galaxy Tab, and it makes for interesting reading.
“Following the court’s order that it make its apology visible both on the Web and newspapers, Apple has posted a letter on its UK website
that explains that Samsung didn’t copy its design because it isn’t ‘cool.’ That quote is actually from the judge, but the fact that Apple has chosen to put it on its website is somewhat cheeky.”
Link: Apple Radio Rumor Scares the Bejesus Out of Pandora Shareholders (and It Should)
“Although Halloween isn’t for another week, Pandora
(NASDAQ:P) shareholders are experiencing quite a scare after rumors of last month’s Apple-branded Internet radio service
“Apple could close important licensing agreements with major music labels by mid November, and launch its own streaming music service by early 2013, according to a Bloomberg report that cites unnamed sources familiar with the matter. Apple’s alleged music service should mimic Pandora’s smart radio model rather than the much more costly OnDemand model used by Spotify.”
New York Times Bits
Link: Apple Has Higher Profit, While Amazon Has a Loss
“Revenue for the quarter rose 27 percent to $35.97 billion, and revenue for the full fiscal year was $156.5 billion. To put that in perspective, Apple’s revenue for the year exceeded that of Microsoft, Google
(NASDAQ:GOOG), and Facebook
“By contrast, Amazon
(NASDAQ:AMZN) lost money in the present quarter, continuing a trend of unimpressive earnings reports for the retailer, reports
David Streitfeld on Friday in The Times. The earnings, released after the market closed, sent Amazon shares down as much as 9 percent in after-hours trading, but they quickly recovered. Investors seem to have faith in the company’s strategy of growth over profits.”
No positions in stocks mentioned.