Here are your Apple rumors and AAPL news items for Wednesday:
Pinterest Releasing iPad App: According to PCWorld, Pinterest will soon be releasing an app specifically designed for Apple‘s (NASDAQ:AAPL) iPad. The social networking site — a sort of online scrapbook — was launched in late 2009. However, Pinterest was slow to gain traction until interest boomed last year, with the site quickly building a user base to the point where it had accrued 11 million weekly visits by December. Pinterest itself is getting a redesign, with CEO Ben Silbermann announcing intentions to renovate its interface to render it “more beautiful” in anticipation of pending iPad integration.
Apple Subpoenaed by FTC: As part of ongoing antitrust investigation against Google (NASDAQ:GOOG), the FTC recently subpoenaed Apple regarding search integration. As Bloomberg reports, the FTC requested disclosure of business documents establishing Google as the preferred search partner for Apple’s mobile devices. Accusations of monopoly have been propelled largely by primary competitor Microsoft (NASDAQ:MSFT), who assert such agreements are anticompetitive. The FTC is anticipating that business disclosure will settle whether Google is abusing its search engine dominance to bolster advertising and mobile revenue.
Apple Partners with Sumsung over iPad Screen: Despite ongoing patent disputes, the Washington Post reports that Apple has partnered with Samsung as the sole manufacturer of display screens for its next-gen iPad. Apple recently dropped LG Display Co. (NYSE:LPL) and Sharp Corp. (PINK:SHCAY) as manufacturing partners after analysts determined their screens were unsuitable for the processing demands of Apple’s new iPad. With the new iPad going on sale this Friday amid astronomical sales projections, Samsung is now Apple’s sole tablet-display partner.
Adam Patterson is an Assistant Editor of InvestorPlace. As of this writing, he did not hold a position in any of the aforementioned securities. For more from the company, check out our previous Apple Rumors stories.