Here is your daily AAPL (NASDAQ: AAPL ) stock news and rumors report for Nov.
24, 2010. iOS 4.2 is still cooling in users iPhones and iPads today, but iOS
4.3 is rumored to be right around the corner and it could bring a whole new way
of doing business on Apples handhelds. Next, a Wall Street Journal report shows
that the secret to Apples gains on Research in Motions enterprise business is
RIMM employees. Finally, a new International Trade Commission is investigating
the sale Motorola phones in the United States because allegations that they
impinge on Apples multi-touch patents. iOS 4.3 Coming in December, Features App
Subscriptions: While the latest major update for Apples mobile devices, iOS 4.2,
just hit the public two days ago, rumor is that iOS 4.3 could be coming to
iPhones, iPod Touches and iPads in just two short weeks. Its unlikely that the
update will be as robust as the iOS 4.2 update that introduced a plethora of
welcome new features to the iPad including multitasking, folder creation and
the ability to wirelessly stream video and music from an Apple handheld to a
television through AirPlay. Nonetheless, iOS 4.3 may prove revolutionary for
business on the mobile operating system when (and if) it releases in
mid-December. According to a rumor at MacStories citing an anonymous source, the
iOS 4.3 update due in December will introduce recurring app subscriptions to the
platform, allowing users to set up recurring payments for automatically updated
applications. The renewing app that will launch the new App Store business model
will be the oft-rumored app newspaper The Daily that is being co-developed by
Apple and News Corp. (NYSE: NWS ). Rumors earlier this week said that News Corp.
and Apple will unveil The Daily and the new recurring subscription app model at
a media event Dec. 9, and MacRumors unnamed source says that both should launch
with iOS 4.3 on Dec. 13. Investors should pay close attention as
subscription-based apps could, if successful, create a steady source of revenue
on mobile application storefronts beyond single app and in-app sales. Research
in Motion Enterprise Sales Team Move to Apple: Research in Motion ( NASDAQ: RIMM
) cant be happy about the back half of 2010. Even though the BlackBerry Torch is
reportedly selling well through carriers like AT&T (NYSE: T ), the one-time
leader of the smartphone market has watched its market share evaporate as phones
powered by Googles (NASDAQ: GOOG ) Android sell in greater numbers and Apple
further solidifies itself as a major competitor in the broader mobile market.
The Worldwide Quarterly Mobile Phone Tracker report from International Data
Corp. published earlier this fall saw Apple finally overtake Research in Motion,
becoming the No. 4 leading mobile phone manufacturer in the world. Apple
achieved this goal thanks to significant gains in the enterprise market, the
same sector that has been the backbone of RIMMs business for years. A new report
from The Wall Street Journal says that part of Apples strategy for poaching
RIMMs business has been poaching its sales staff. Five key members of RIMMs
enterprise sales team have crossed over to Apple in the last 18 months,
according to the report. The list includes RIMMs former Head of Strategic Sales
Geoff Prefect, who joined Apple in April 2009, as well as RIMMs three Global
Strategic Account Managers Paul Alvarez, Steve Marshall and Peter Decker who
made the jump this year. Fomer RIMM Senior Global Sales Manager Joe Bartlett is
also now an Apple employee. These individuals have been instrumental in
increasing enterprise adoption of not just Apples iPhone as a BlackBerry
alternative, but also the iPad. ITC Investigates Motorolas Smartphone
Technology: Bloomberg is reporting that the U.S. International Trade Commission
is starting an investigation of Motorolas (NYSE: MOT ) smartphone technology.
The investigation comes after Apple filed suit against Motorola in October for
allegedly impinging on a number of Apples multi-touch touch-screen related
patents. That suit was filed in response to Motorolas attempt to have 11 of
Apples iPhone related patents nullified earlier this year. If the ITC finds that
Motorola has indeed impinged on Apples multi-touch patents, Motorola could be
blocked from importing and selling its popular smartphones, including the Droid
line, in the United States. As of this writing, Anthony Agnello did not own a
position in any of the stocks named here.
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