Here are your Apple rumors and AAPL stock news items for Wednesday: Google to
Reveal Music Store on Wednesday: Google s (NASDAQ: GOOG ) iTunes competitor has
reached mythical status in the realm of technology industry rumor. Rumor should
become reality Wednesday, though. A report at Bloomberg said Google finally is
ready to reveal its service to the public. Citing sources familiar with the
companys plans, the report said Google will debut its music store at an event in
Los Angeles. The new store will offer a variety of services, including cloud
storage of purchased music. However, its unclear what will distinguish Googles
store from its competitors not just Apple (NASDAQ: AAPL ), but Amazon (NASDAQ:
AMZN ) and streaming services like Pandora (NYSE: P ). HP Sets Sights on MacBook
Air With New Ultrabook: Intel s (NASDAQ: INTC ) slim, light Ultrabook PCs havent
been selling so well . When it comes to streamlined laptops, Apples MacBook Airs
have been sucking up the sales attention. Leave it to Hewlett-Packard (NYSE: HPQ
) to take a wild swing at Apple, though. A Wednesday report at Apple Insider
highlighted HPs latest Ultrabook release, the Folio13 . The new slim laptop will
retail for $900, undercutting Apples comparably sized 13.3-inch MacBook Air by
$400 and the smaller 11-inch model by $99. HP will release the Folio13 on Dec.
7. Sprint, Verizon Not Cutting Into AT&T iPhone Subscribership: AT&T (NYSE: T )
is hanging tough in the U.S. iPhone race. Despite the fact that the companys
one-time exclusivity has been yielded to competing telecoms Verizon (NYSE: VZ )
and Sprint (NYSE: S ), the company isnt seeing its subscriber base drop ,
according to a Wednesday report at Market Watch . Glen Lurie, president of
emerging devices at AT&T, said, Churn has not moved at all, according to the
report. Churn is the number of mobile phone users that cancel subscriptions with
a given company. Speaking of Apples competitors, though, Lurie said that just
because the iPhone continues to be popular doesnt mean other devices are dying
off. Lurie cited Research In Motion s (NASDAQ: RIMM ) BlackBerry line and Nokia
s (NYSE: NOK ) phones specifically as devices crucial to AT&Ts future. 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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