This Day On The Street
Continue to site
ADVERTISEMENT
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

Five Dumbest Things on Wall Street: Feb. 26

Apple Sheds Its Soft Core

Apple (AAPL - Get Report) no longer wants to be accused of being soft core.

Apple is banning many sexually suggestive applications for its iPhone, according to Tuesday's New York Times. In a move that surprised many application developers, the company is cracking down on so-called apps that feature photos of women in bikinis and lingerie. Apple said the new policy comes in response to widespread complaints from App Store users.

"It came to the point where we were getting customer complaints from women who found the content getting too degrading and objectionable, as well as parents who were upset with what their kids were able to see," said Philip W. Schiller, head of worldwide product marketing at Apple.

Among the victims of the purge, according to the Times, was a game called SlideHer, a puzzle that challenged users to reassemble a photograph of a scantily clad actress, as well as, Sexy Scratch Off, which depicts a woman whose dress could be removed at the swipe of a finger, revealing her undergarments.

Apps not affected by Apple's ban include one from Sports Illustrated's famed swimsuit issue and one from Playboy.

Schiller says the difference is that these are well-known companies with "previously published material available broadly in a well-accepted format."

In other words, to quote the famous Supreme Court ruling on obscenity, Apple knows it when it sees it. But we're not so sure Apple can say the same about hypocrisy.

Dumb-o-meter score: 80 -- We're pretty sure parents objecting to their kids accessing smut on their iPods really don't care who created it.
2 of 5

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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AAPL $113.29 0.00%
CBS $45.79 0.00%
GOOG $630.38 0.00%
GSK $41.25 0.00%
MWW $7.04 0.00%

Markets

Chart of I:DJI
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 +1.21 0.06%
NASDAQ 4,828.3250 +15.6170 0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs