Technology
Earlier in the year, Apple delayed Leopard's release because it had needed more software engineers to help keep the iPhone's debut on track. In the meantime, however, it has updated its line of Macs, giving them more features at the same or lower prices than previous models. Macs still cost more than most Windows-based PCs, with the least expensive model retailing for $1,199. Nonetheless, preliminary estimates suggest that Mac sales will widely exceed analysts' forecasts. The market share data also show that more people are using Apple software to access the Internet. Apple's Safari Internet browser accounted for more than 5% of Internet traffic in September, compared to 3.53% a year earlier. Investors are banking on strong Mac sales to beef up Apple's already impressive financial results. At prices that are much higher than iPods and iPhones, Mac sales are a major plank of Apple's revenue. Its margins are also higher than iPods, which have seen sales growth fall precipitously as lower-end models sell in much greater numbers than premium versions. Gauging the Mac's profitability against that of the iPhone has proved a challenge for investors and analysts because of uncertainty around the cost of components, the fees Apple charges AT&TT and its piecemeal accounting for iPhone sales. Apple shares were recently up $2.34, over 1.5%, to $155.81, just shy of its all-time intraday trading high.
The company hires Daniel Cooperman from Oracle.
The online retailer begins its assault on the iTunes empire.
The device can become inoperable.
Revisiting his four horsemen of tech, Jim Cramer says Apple's headed for a great quarter and that BlackBerry's trouncing Treo.
Contributor Paul Kedrosky says it's getting harder to identify the bit parts inside Apple's hot gadgets.
The company is lifting margins with its iPhone and revamped iPod line.
Yahoo! is among the most searched stocks on TheStreet.com. Here's what Cramer had to say about the stock recently.
Catch up on his thinking on the hottest topics of the past week.
Investors will have to deal with a Fed meeting and another flood of earnings and economic data.
Ensco International and Echelon have the potential to move higher in coming days.
See who made what calls.
The addition of video is helping telecom companies compete against cable and satellite companies.
The June West Texas Intermediate contract reflects selling pressure ahead of Tuesday's expiration. But stocks in the sector are generally trading higher.
See who made what calls.
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