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AAPL Down As Market Takes Gains
Stocks are mixed this morning as better than anticipated jobs numbers from ADP Employer Services in January failed to convince investors to add to gains a day after the Dow and S&P 500 advanced to their highest close in about 2 1/2 years. Shares of AAPL are also wavering, down to flat with the rest of tech. News Corp CEO, Rupert Murdoch, will take the stage at the Guggenheim Museum in New York today to unveil The Daily. Look for news flow on those details as well as the economics that will affect Apple and the rest of the publishing market. Other potential catalysts for the stock include news regarding Steve Jobs’ health and return; the rumoured second quarter launch of the next generation iPad; monthly NPD data (Mac / iPod business); iPhone sales updates as well as the launch of the iPhone 5 anticipated this summer; new revenue streams such as video, books and social (Ping); moving iTunes into the cloud; and the continued evolution and adoption of Apple TV. Shares of Apple trade at 13x Enterprise Value / Trailing Twelve Months Free Cash Flow (incl. long-term marketable securities).Apple Looking For Someone To Work On LTE For iOS Devices (9to5Mac)
Apple is recruiting someone with knowledge of the LTE air interface. Job listings mentioning the LTE wireless data technology have appeared in Apple’s database before, but none of these listings have listed the integration of LTE in iOS devices as a specific duty. Apple’s job listings are usually a good indication of what’s to come. Many were surprised that Apple’s CDMA-version of the iPhone does not support LTE. There is the possibility that the iPhone 5 anticipated in June will support LTE, however more than likely it won’t be until later this year or next.
Overseas Study Shows 87% Of iPhone Users Ready To Use An Accessory To Pay (Gadgetell)
Visa is testing NFC payments in four European countries using the iPhone with an NFC radio attached. When iPhone users were asked if they were interested in using this payments system, 57% per cent declared “definitely” or “probably.” The study also found that 87% of the iPhone users surveyed would be willing to use an accessory to allow them to make mobile payments. Wondering if an attachment would work here in the U.S. when many don’t even use a case. If NFC is already on-board the iPhone 5, it won’t be an issue.
Apple Ponies Up $3.9 Billion To Secure Access To Display Technology (iSuppli)
Apple wants to corner the high-resolution “retina” display market for the next generation of smartphones and tablets, according to research firm iSuppli. The company has inked agreements with LG Display, Sharp and Toshiba Mobile Display, the three suppliers that make the technology behind the new display. Competition for display components is straining availability. Not only is Apple paying up-front for future display supplies, the company is helping build the needed factories to have continued access, or a value of $3.9 billion. Dan Frommer at Business Insider suggests it’s because Apple is going after the TV business.
iOS Cracked 2% Of Total Worldwide Internet Browsing (Net Applications)
Apple reached a milestone today as iOS cracked 2% share of the web according to Net Applications’ worldwide traffic study. In English-native and other more mobile-driven countries, the browsing share was disproportionately higher, ranging from 3.4% in the U.S. to almost 10% in Singapore. Google also reached a historic point as data showed Chrome entering the double digits for the first time. The browser jumped to 10.7% share.
More Than One Quarter Of All Apps Downloaded Are Only Launched Once (Localytics)
The vast majority of mobile apps are only given the most cursory examination by users. According to analytics firm Localytics, 26% of all apps across Android, Blackberry, iOS and Windows Phone 7 platforms are only used once after they are downloaded. Making that first impression count is more important to developers than ever. Not to mention doesn’t bode so well for in-app advertising.