Apple (AAPL) said Wednesday that it created an application to let iPhone users wirelessly download and play video clips from YouTube.
The move bolsters the iPhone's appeal as a portable entertainment and Internet device and tightens the bond between Apple and YouTube's parent company, Google(GOOG). Apple will be the first company to use YouTube's mobile video format that's suited to a cell phone's smaller screen. YouTube's mobile format also prevents videos from sapping a cell phone's battery life. In late May, Apple announced that its television set-top box would be able to download and play YouTube videos over wireless home networks. Most YouTube videos are homemade, but some companies, including CBS (CBS), have experimented with airing clips of copyrighted broadcast on the site. Giving Apple products access to YouTube increases the video material available to iPhone and Apple TV users who can also pay to download copyrighted videos and movies from Apple's iTunes service. The company is looking for ways to increase the value of the iPhone -- due out June 29 -- for which it is charging a premium price of $499 for the base model and $599 for additional memory. Apple designed a touchpad keyboard rather than actual keys to maximize the size of iPhone's screen so that users could easily watch videos and surf Internet sites.TheStreet Premium Services For Personal Service: 877-471-2967
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
ETF Profits:
Get money-making ideas from the hottest investment vehicle on the planet. Our experts show you how to play various ETF sectors to help pump-up your portfolio. Learn More
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn MoreTo begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 12,890.46 | 1,351.95 | 2,927.23 | 20.47 |
Oil *
118.75
|
|
UP
6.51 |
UP
1.99 |
UP
11.37 |
UP
0.72 |
10 Yr
2.05%
SPDR Gold
168.02
|
|
+0.05%
|
+0.15%
|
+0.39%
|
+3.65%
|
Data delayed 20 minutes |
Connect with TheStreet