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Apple Inc. (AAPL) News: Lack of Innovations, iWallet Rights, Exclusion of Google Inc (GOOG) & Nokia Corporation (ADR) (NOK)’s Pinch

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Editor’s Note: Related tickers: Apple Inc. (NASDAQ:AAPL), Nokia Corporation (ADR) (NYSE:NOK), Google Inc (NASDAQ:GOOG), Yahoo! Inc. (NASDAQ:YHOO), Microsoft Corporation (NASDAQ:MSFT), Pandora Media Inc (NYSE:P)

Nokia takes swipe at Apple music service (Telegraph)
Apple Inc. (NASDAQ:AAPL) said on Monday it would launch a Spotify-style music streaming service, iTunes Radio, allowing users to listen to music over the internet for $25 a year. The Cupertino technology titan has already built up a music following thanks to its iTunes music download service, putting it in a strong position to shake up the music market. However, Nokia Corporation (ADR) (NYSE:NOK), was quick to dismiss Apple?s new service as lagging behind the market. Jyrki Rosenberg, vice president of entertainment at Nokia Corporation (ADR) (NYSE:NOK), said: “We launched our streaming radio service in 2011. “It’s interesting to see Apple Inc. (NASDAQ:AAPL) react now and it seems they continue to play catch up. Nokia Corporation (ADR) (NYSE:NOK) Music will stay true to our mobile-first approach and continue to deliver an extremely simple, personalised and contextual way to discover and enjoy music on the go.”

Apple Inc. (NASDAQ:AAPL)

Apple’s iOS 7 snubs Google inc, adds Bing as Siri’s default search (PopHerald)
Warning, iOS users, the upcoming iOS 7 mobile operating system does not include a Google Inc (NASDAQ:GOOG)-powered Siri internet search out of the box. As reported by Apple Inc. (NASDAQ:AAPL) Insider, the enhanced new Siri that will run on the next iOS update will include Microsoft Corporation (NASDAQ:MSFT)’s Bing as default search engine. Of course, Apple will allow users to change the default search engine and use Google Inc (NASDAQ:GOOG) or Yahoo! Inc. (NASDAQ:YHOO) instead, but Google Inc (NASDAQ:GOOG) might lose a tiny market share with the new Siri because not all iOS users are knowledgeable to change default web search engines. During the WWDC’s iOS 7 reveal, Apple Inc. (NASDAQ:AAPL)’s Eddie Cue presented the new Siri service on the next version of iOS, but the program has no mention of the big change.

Is Apple wasting time going after Pandora, Spotify? (BizJournals)
Apple Inc. (NASDAQ:AAPL) on Monday unveiled its new Pandora Media Inc (NYSE:P) competitor iTunes Radio, a free Internet radio service that delivers music based on what users listen to through iTunes. But is the tech giant wasting time doing so? Check out the Bloomberg video above. The Cupertino, Calif.-based company also showed off at its annual developer conference in San Francisco iOS7, a massively overhauled new operating system for mobile devices. In addition, Apple Inc. (NASDAQ:AAPL) also updated its desktop and laptop and announced it will be ditching the cat descriptors (i.e., Mountain Lion) for each new version of its operating system and moving to descriptions of places in California.

Apple Granted a Key iWallet Patent for Mobile Pay Service (PatentlyApple)
Apple Inc. (NASDAQ:AAPL) has been granted a patent today for their invention relating to establishing financial transaction rules for controlling a subsidiary financial account and, more particularly, to various systems, methods, and electronic devices configured to provide for the establishment of such rules. By way of example, the relationship between the primary financial account holder and the subsidiary account holder may be that of a parent-child relationship, employer-employee relationship, or the like. The iDevice may be additionally configured to transmit the financial transaction rules defined by the primary account holder to a designated financial institution that manages the subsidiary account. For instance, where the subsidiary financial account is a credit card account, the financial institution may include an issuing bank and/or a card association.

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