Here is your daily Apple Inc. (NASDAQ: AAPL) stock news and rumors for July 28, 2010. The Safari Extensions gallery launched today with the latest update to Apple’s web browser, Safari 5.0.1. Meanwhile, the iPhone 4’s white model continues to be delayed. But most interestingly, Sports Illustrated and other magazines are having a hard time getting their subscription-based apps approved for use on the iPad.
Apple Blocks iPad Magazine Subscriptions: AAPL has been frustrating efforts by Time Inc. to establish the line of magazines as a series of applications for the Apple iPad. The latest, according to a report at All Things Digital, is that Apple has just shut down a ready-to-launch Sports Illustrated application tailor made for the tablet computer. Time Inc.’s biggest trouble is getting Apple to approve a payment model that has users paying Time Inc. directly for subscriptions rather than through Apple’s App or iTunes stores, allowing Apple to reap greater profits from each subscriber. That can’t be the whole story, however, as other periodicals like The Wall Street Journal from News Corp. (NASDAQ: NWS) have had no trouble getting approval from Apple for applications that have subscribers pay directly to the publication.
White iPhone 4 Delayed Over Backlight: Word came out early last week that the white model of AAPL’s iPhone 4 would be released later than expected. Initial reports claimed that the white model was delayed due to quality control issues over its casing. The latest rumor, coming from Scott Moritz from TheStreet, says that it isn’t problems with the device’s casings specifically, but the backlight illuminating the smartphone’s screen. Moritz claims that the current version of the white iPhone 4 has light leaking around the edges of the screen and even blurring through the back of the phone, rendering it transparent with the light at full. TheStreet‘s writer cited a “person familiar with the manufacturing process” as his source on the matter.
As of this writing, Anthony Agnello did not own a position in any of the stocks named here.
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