Online auctioneer eBay today announced that Apple’s iPod mini, which was discontinued in stores September 7th, is “is holding its own against Apple’s sleek new iPod nano.” eBay Marketplace Research, a new service that offers sellers and buyers visibility into listing, bidding and pricing trends on eBay, was used to determine these sales data results. All data cited is current through Monday, December 12, 2005.
Read MoreOn the news of two analysts downgrading Apple today (see related stories 1 | 2), the company’s shares have dropped US$2.29, or 3 percent before the bell, reports AP. “Shares of Apple have more than doubled from the start of the year, and began November trading at $57.24 and closed Tuesday at $74.98 on the Nasdaq,” notes the report.
Read MoreBanc of America has downgraded Apple to neutral from buy, citing concerns over valuation, reports MarketWatch. “We believe Apple’s fundamentals are strong,” analyst Keith Bachman said. “However, the recent run in the stock has left us uncomfortable recommending putting new money to work.” The analyst, however, did raise Apple’s stock price target to US$76 from $52.
Read MoreSimig Media Records, the record label working exclusively with Mac musicians and run by the parent company of MacJams.com, has announced the release of its second album. Peter Greenstone’s “Something” is an eclectic alternative rock/folk album that includes everything from electric-guitar political rock to a virtual symphony piece, all recorded exclusively in Apple’s GarageBand software.
Read MoreA new global study conducted by Burson-Marsteller with the Economist Intelligence Unit (EIU) has named Bill Gates, Microsoft’s chairman and chief software architect, the world’s most admired business leader. The 2005 CEO Capital study asked more than 600 “global business influentials” in 65 countries to write in which CEO or chairman they admire most in the business world today.
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