Archive for Business

Apple Wants Artist Royalties Lowered

Posted in Legal with tags , , , , , , on February 5, 2008 by macfacts

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One would think that with the success of the iPod, iTunes and their commercials, Apple would be very pro-musician. After all, the reason so many people like their commercials are because of those annoying sugar-pop ballads in the background. Or the reason they make so much money from iTunes is because they are selling music created by musicians.

This is not the case of course. Apple is actually fighting to make sure musicians get a smaller piece of the pie from the money generated by their songs. Musicians are currently getting about 13%, or less than 9 cents per song from those who like to get ripped off on iTunes.

Apple thinks this is way too much and would like it somewhere down around 4% or less than 3 cents per song. After all, Apple does all the hardwork by scanning the picture of the cd and attaching it to the songs on iTunes and making sure you can only burn the song 3 times. That’s a lot harder than actually writing, recording, performing and marketing your own music.

Keep on looking out for the little people Apple!

From: Hollywood Reporter

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Steve Jobs Won’t Read This

Posted in Steve Jobs with tags , , , , on January 28, 2008 by macfacts

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Not content with bashing the Zune, the arrogant Steve Jobs set his sights on Amazon’s new gadget: The Kindle. A product aimed at being to books what the iPod is to music.

When asked about the Kindle, Steve Jobs said:   “It doesn’t matter how good or bad the product is; the fact is that people don’t read anymore. ”

Sassy.

This New York Times article does a good job of exposing just how ignorant Steve’s statement is. Of interest, is the fact that book publishing is expected to bring in $18 billion this year. That’s about 408 million books that Steve claims no one will read.

Apple has only recently gotten to its current size. Only 6 years ago Mr. Jobs’ company only had a $5 billion profit.

Source: New York Times

Apple Stock Keeps Dropping After Mac World Disappointment

Posted in Stocks with tags , , , on January 26, 2008 by macfacts

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To many Apple fans and investors, the Mac World show left much to be desired.

After the macbook air was leaked, people began dreaming up all sorts of cool other products that Apple would be unveiling at the big event. When this didn’t happen, people became disappointed.

This disappointment, coupled with news that they were expecting a weaker next quarter, has left the stock plunging since the event.

As of today, the stock is down to about $131 down from it’s all time high of $202.96 less than a month ago (about a 36% drop).

Ouch

For a more professional analysis: MarketWatch