Apple is the stock to watch as new iPhone awaited (MarketWatch)
“We have long argued that for iPhone sales to continue to grow longer term Apple Inc. (NASDAQ:AAPL) needs to sell a new device at a mid range price point in order to build scale in emerging [markets]. The iPhone 5c seems to be a possible move in this direction. Our checks to date suggest that the 5c is likely only a first step towards the mid-range though,” said Stuart Jeffrey at Nomura in a note. Shares of Apple Inc. (NASDAQ:AAPL) +0.43% , which have gained more than 10% over the month in anticipation of the unveiling, climbed 1.6% to close at $506.17 Monday. Ahead of the opening bell, McDonald’s Corporation (NYSE:MCD) +0.14% is expected to post its same-store sales for August. Analysts at Lazard Capital Markets said they expect flat sales growth in the U.S. and drops in Europe and Asia. The Dow component’s July same-store-sales rose 0.7%.
Google and Apple face international investigation into ‘free’ game apps luring kids into racking up huge bills (PerthNow)
The nation’s consumer watchdog yesterday joined 50 agencies on a worldwide sweep for potentially misleading apps that are advertised as free then encourage or confuse children, including toddlers, to play with real cash. The Australian Competition and Consumer Commission plans to meet the technology titans to push for better app store disclosure about smartphone and tablet games that are free to download and then dazzle youngsters into spending up to thousands of dollars to progress.
Microsoft stops withholding its RTM of Windows 8.1 (TheInquirer)
WINDOWS DEVELOPERS are angry at Microsoft Corporation (NASDAQ:MSFT) because it won’t give them access to the final build of Windows 8.1 until its general availability release to the public in mid-October. The firm announced on Tuesday that it had released the nearly final version of its Windows 8.1 service pack for Windows 8 to PC and tablet hardware makers, but said that it won’t be released to the Microsoft Developer Network (MSDN) until the public release of Windows 8.1 on 17 October. Microsoft Corporation (NASDAQ:MSFT)’s excuse for holding back the Windows 8.1 release to manufacturing (RTM) code from software developers and IT professionals apparently is that it isn’t complete yet…
Apple to Unveil IPhones Seeking End to Year of Struggles (Bloomberg)
Apple Inc. (NASDAQ:AAPL)’s introduction of new iPhones is a chance for the company to turn the page on a dour year that included no big new gadgets, a falling stock and stepped-up competition. Apple will update its flagship product, adding more colors and a less-expensive model, at an event at its Cupertino, California, headquarters today, a person with knowledge of the plans said last month. Apple, which will hold a viewing of the presentation in Beijing for the first time, is also close to securing deals with China Mobile Ltd. (941) and Japan’s NTT Docomo Inc (ADR) (NYSE:DCM) to sell iPhones in Asia’s biggest markets.
Google, Yahoo ask to disclose more on data (IOL)
Google Inc (NASDAQ:GOOG) and Yahoo filed court requests on Monday to disclose more about US government’s national security data requests, saying media reports on the matter have been misleading and harmful. Yahoo filed its petition with the US Foreign Intelligence Surveillance Court, saying the government can protect public safety “without precluding Internet companies from sharing the number of national security requests they may receive.”