Will Apple Inc. (AAPL) and Comcast Corporation Change The Future Of TV?
A new book about Apple (NASDAQ:AAPL) was published a week ago. The book, “Haunted Empire: Apple After Steve Jobs,” written by Yukari Iwatani Kane, formerly a reporter for the Wall Street Journal, claimed that Apple stopped being innovative after Steve Jobs died.
Apple CEO Tim Cook came out swinging. He sent an email to the press calling the book “nonsense.” He wrote, “I am very confident about our future. We’ve always had many doubters in our history.
They only make us stronger.”
The “Bits” blog in the New York Times said that Tim Cook was right. Since Cook became CEO two-and-a-half years ago, the blog pointed out, Apple’s revenue has grown 58% and profits have grown 40%.
That’s better than Google, whose profits grew only 25% during that time period. “What’s troubling about Ms. Kane’s book,” the Times wrote, “is that she barely pauses to look at Apple’s financial success since Mr. Jobs’ death.”
Last Thursday, Apple Insider reported that Apple had applied for a patent for an advanced stylus that would give tablet users greater ability to draw different lines and shapes.
It would contain a light sensor that would let users incorporate colors from physical objects into their drawings. (Related: Tesla Motors Inc (TSLA) Has Supplanted Apple Inc. (AAPL))
Also on Thursday, China Mobile said that it sold about 1 million new iPhones in February.
Some analysts found the sales numbers disappointing, but some believed that the long-term outlook for iPhone sales in China was good, with several predicting that Apple can double its market share in China by the end of this year.
On Sunday, the Wall Street Journal published a story that said Apple was talking to Comcast (NASDAQ:CMCSA) about creating a new way to store and stream TV programs and digital recordings that would bypass the congestion on the Internet.
This would ensure higher quality service without buffering or other annoyances.