One Analyst Says iPhone Sales Will Slow Until The Next One Is Released (BGR) Despite raising his price target on shares of Apple stock to $740 and reiterating his Buy rating, Mike Walkley of Canaccord Genuity says "Our recent channel checks indicate modestly slowing iPhone 4S sell-through trends in developed markets. We have lowered near-term iPhone unit estimates, but we have increased our F2013 iPhone estimates as we anticipate very strong demand for an LTE iPhone 5 ramping during the December quarter." Basically, what happened last year is going to happen again.
Apple Tells The DOJ To Bring On The eBook Trial (Apple Insider) Apple will challenge the U.S. Department of Justice's lawsuit over alleged eBook price fixing, asking for a trial at the first hearing in Manhattan federal court. The company wants to defend itself against allegations that it colluded with publishers to fix the price of eBooks provided through the iBookstore. "Our basic view is that we would like the case to be decided on the merits," said Apple lawyer Daniel Floyd to U.S. District Judge Denise Cote. "We believe that this is not an appropriate case against us and we would like to validate that."
Tim Cook Named One Of Time's Most Influential People In the World (Time) Apple Chief Executive Tim Cook has been named to Time's list of the 100 Most Influential People in the World. Current Apple board member Al Gore describes Cook as a "soft-spoken, genuinely humble and quietly intense son of an Alabama shipyard worker and a homemaker." Acknowledging the difficulty anyone would have following Steve Jobs, Gore says, "He has indelibly imprinted his leadership on all areas of Apple — from managing its complex inner workings to identifying and shepherding new 'insanely great' technology and design breakthroughs into the product pipeline."