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, HP/3Par: Weekly Tech Recap

NEW YORK ( TheStreet) -- Forget the Verizon(VZ) iPhone. Music makers dominated the talk at this week's Apple (AAPL - Get Report) event, where select members of the press were invited to San Francisco's Yerba Buena Center for the Arts to live-blog new iPod, iTunes and AppleTV announcements.

( TheStreet was declined an invitation, but we were still able to log onto the webcast and report all the action.)

Apple's new, $50 2GB Shuffle is darling. The updated Nano, sans scroll-wheel and fixed with a clip and iPhone-like navigational icons, is about half the size and weight of its predecessor (see below). The touch-screen sells for $150 for 8GB and $180 for 16GB. Apple also introduced Ping, a music-focused Facebook-like network that allows iTunes 10 users to follow artists, see what friends are listening to and make recommendations.

But the day's biggest news revolved around another try at Apple TV, of which previous versions have faced less-than-mediocre reception.

The new Apple TV box is one-fourth the size of the original and features built-in Wi-Fi and the ability to stream HD movie rentals ($5 a flick) and TV shows ($1) from a selection of Hollywood studios and TV networks. The box also allows users to stream content from Netflix (NFLX), YouTube and one's own PC or Mac.

> > Bull or Bear? Vote in our Poll

Unfortunately, as highlighted by the drop in Apple's stock price the day of the event, AppleTV failed to excite investors, due in part to studios' tepid embrace of Apple's model to use iTunes to charge users $1 for two-day rentals.

But Apple's got many other successes to help it sustain itself until AppleTV catches steam. There's the iPad, which sees analysts again upping estimates. Morgan Stanley said Friday that Apple has doubled its iPad production to 2 million a month. That's likely due to big demand, but Apple could also be bolstering its front in anticipation for the deluge of Google (GOOG) Android-powered competitors, many which stand to make their debut this fall.

Apple's stock, up about 7% for the week, closed up $6.60 at $258.77 on Friday.
1 of 2

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
DELL $0.00 0.00%
AAPL $118.03 -0.71%
INTC $34.45 0.26%
HPQ $12.64 -13.66%
PAR $6.70 -0.89%


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs