This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Apple Closer to the Living Room

Updated from 3:56 p.m. EDT

SAN FRANCISCO -- Apple Computer (AAPL - Get Report) is finally heading into the living room -- or at least it aims to by the beginning of the year.

Beginning in January, Apple plans to offer a new device, code-named iTV, that will allow users to easily watch and listen to digital media -- movies, songs, photos -- on their home entertainment systems.

Although the company has clearly been moving in that direction for a while, the new device marks the first time Apple will offer a product specifically targeted at the so-called digital living room.

"We hope this gives you a little bit of an idea of where we're going to," company CEO Steve Jobs said at a media event here Tuesday. "We think it completes the picture."

The iTV device was the only real surprise at the event, and it wasn't enough to thrill investors. Instead, Apple's stock closed regular trading up just 13 cents, or about 0.2%, to $72.63.

The rest of the event was filled with announcements that were either expected or relatively modest, or both.

For instance, confirming rumors that have been bubbling for months, Jobs announced that Apple will start selling movie downloads. But the company is launching the service with the support of just one of the major studios, Walt Disney (DIS - Get Report), on whose board Jobs sits.
1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.19 -1.04%
AMZN $670.90 -0.06%
DIS $103.67 -0.11%
FB $118.06 0.54%
GOOG $695.70 0.48%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs