Apple Shares – Week 1 Update
With the Apple Macintosh turning 25 this week it was quite a big week for the company. I was not sure whether this was to be a good or bad factor, at the moment nothing is guaranteed to be good for any business.
Apple closed the market at $88.36 this week.
Meaning if I had not sold I would have made a profit.
Profit of $60.30 on 10 shares or
$6.03 on 1 share
Gealthy revenue claims from Apple should hopefully give us another up next week. However my guess (purely a guess) is we will finish next week at about the same as this week.
Read MoreItunes finally DRM-free
Its official finally apple have made almost all tracks bought from Itunes DRM-free (digital rights management). This announcement, which has been a highly anticipated one was made at Macworld.
Apple say that itunes users will be able to download from labels such as Universal Music Group, Sony BMG, Warner Music Group and EMI, along with thousands of independent labels, in the 256Kbps iTunes Plus AAC format free from DRM.
However the choice to stick with AAC, a format which only works on Ipods or Itunes has been shown to annoy many.
A new pricing structure which should be launched in April has also been announced.
individual tracks either :
- 59p
- 79p or
- 99p.
Most albums will still be priced at £7.99.
More details on Iphone news tomorrow.
