Friday, November 4, 2011

Friday Apple Rumors — CBS Shot Down Apple

Here are your Apple rumors and AAPL stock news items for Friday: Apple
Streaming TV Service Shot Down by CBS: The much-discussed Netflix competitor
from Apple (NASDAQ: AAPL ) has yet to come to fruition because of the Cupertino,
Calif.-based companys inability to woo content partners, or so the rumors go.
Rumor no more. A Giga OM report said that CBS (NYSE: CBS ) CEO Les Moonves
confirmed that Apple approached his network about supporting such a service but
that CBS declined. Why turn down one of the most valuable companies in the
world? The two couldnt agree on how to split advertising revenue . Apple has a
notorious relationship with content partners because of its insistence on
substantial revenue splits. The company fought with magazine publishers for
months , refusing to host digital editions of magazines on the iPad if they
werent offered through the App Store so Apple could take a 30% cut of each sale.
Android More Fragile Than iPhone: Google (NASDAQ: GOOG ) Android phones may make
up 43% of the entire smartphone market in the United States, far outpacing
Apples share of 28%, but it turns out that Androids popularity could cost
carriers a significant chunk of change. A Reuters report (via Apple Insider )
said that customer support firm WDS has found that Android devices break more
often than handsets made by Apple or Research In Motion (NASDAQ: RIMM ). The
cheap smartphones, with some manufacturers selling Android devices for as little
$100, have netted Googles operating system a majority share, but repairs could
end up costing telecoms as much as $2 billion per year . Siri Going Quiet: The
iPhone 4Ss popular new personal assistant appears to be overwhelmed by her new
workload. MacRumors is among a number of websites that reported a mass Siri
outage Thursday , with a number of users receiving an error message when trying
to use the service. If activated, Siri responded, Sorry, Im having trouble
connecting to the network. Siri officially still is in beta testing , meaning
hiccups like these are not unexpected as Apple perfects the service. Considering
that Apple has made the service available in 15 countries in just a few weeks,
its not terribly surprising that Siri is under serious strain. As of this
writing, Anthony John Agnello did not own a position in any of the stocks named
here. Follow him on Twitter at

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