Here is your daily Apple Inc. (NASDAQ: AAPL ) stock news and rumors for Monday.
The big headline, though no surprise, is that the iPhone and iPad maker is the
top brand in the world knocking Google (NASDAQ: GOOG ) from the #1 spot.
Valuable Branding: Market research group Millward Browns 2011 BrandZ study was
published on Monday morning and found that the Google (NASDAQ: GOOG ) name has
been knocked off its pedestal to #2 in the list of most powerful brands.
According to the BrandZ study, the Apple brand is worth close to $153 billion,
$42 billion more than former #1 Google and 84% larger than Apples previous value
in 2010. Apples iPad was singled out by Peter Walshe, the director of BrandZ, as
the key driver behind the brands growth. IBM (NYSE: IBM ), Microsoft (NASDAQ:
MSFT ), and Hewlett-Packard (NASDAQ: HPQ ) filled the numbers three through five
slots respectively on the list behind Apple and Google. Conde Nast Comes to
iPad: Following Hearsts decisions to bring their magazines to Apples iPad tablet
comes Conde Nast and its stable of famous periodicals. According to Media Memos
Peter Kafka , Conde Nast has released an updated version of The New Yorker for
the iPad, charging $5.99 per month for the magazine. Annual subscriptions cost
$59.99, just $10 less than a year-long subscription to the print edition of the
magazine. As Kafka points out, Time Warner (NYSE: TWX ) imprint Time Inc. is the
last significant hold out still not offering subscriptions through the iPad,
though it did strike a deal with Apple to give print subscribers access to free
iPad editions of publications like Sports Illustrated . Old Models Outsell
Android: Canacord Genuity analyst Michael Walkley claims that following checks
with U.S. retailers, theres evidence that older models of the iPad and iPhone
are outselling newer Google Android devices. According to Walkley, the iPhone
3GS has outsold the Motorola (NYSE: MMI ) Atrix and HTC Inspire phones through
AT&T (NYSE: T ). The original iPad sold out through Verizon (NYSE: VZ )
following the March release of the iPad 2. A surprising highlight of the report
is Walkleys statement that iPad competitors the Motorola Xoom and Research in
Motion (NASDAQ: RIMM ) PlayBook have enjoyed modest sales when all other
accounts have claimed that those tablets have failed to make any impact at
retail. As of this writing, Anthony John Agnello did not own a position in any
of the stocks named here. Follow him on Twitter at @ajohnagnello and become
a fan of InvestorPlace on Facebook.
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