Apple (AAPL) Financial News Flash 10128

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By Douglas A. McIntyre Published
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Deutsche Telekom (DT) is set to sell the new Apple (AAPL) iPhone for $1.54 to push demand. The sale will come with a large subscriber commitment to monthly use and an equally large bill.

The sell-off in Apple shares on Friday was their third down day in a row.

The CEO of Google (GOOG), Eric Schmidt, said that competition between the search engine company and Apple would not force him to quit Steve Jobs’ board of directors.

Reuters writes that AT&T (T) may have given up too much in its new 3G iPhone deal with Apple because it will be paying a part of the cost of the phone for subscribers.

Barron’s writes that "there are still some caveats that anyone considering buying Apple shares must ponder, including the biggest one: the effect of the rumors about CEO Steve Jobs’ health."

The San Jose Mercury News reports that "Apple’s soon-to-open online App Store has triggered a scramble among software developers to write business plans aimed at making money off Apple’s iPhone."

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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