by Christopher Freeburn | August 21, 2013 1:25 pm
Here are your Apple rumors and AAPL news items for today:
Premiere: Sources tell AdAge that Apple (AAPL) has signed up a number of branding partners for its iTunes Radio service. Apple showed off plans for the ad-financed Internet radio streaming service at its Worldwide Developers Conference in June. The company has reportedly made multi-million ad deals with Nissan (NSANY), Procter & Gamble (PG), PepsiCo (PEP) and McDonald’s (MCD) in time for iTunes Radio’s launch in September. Early advertising partners get segment exclusivity through the rest of the year, but the service will be open to ads from rival brands in January 2014. Apple has concluded advertising deals worth up to “tens of millions of dollars” with some early partners. iTunes Radio will compete with other Internet radio services, including Spotify and Pandora (P). The service will also feature video advertisement and will be available through Apple TV in addition to Apple’s mobile devices and computers. Listeners will hear an audio ad every 15 minutes and see one video ad every hour.
Boost: The smallest of China’s three largest wireless carriers saw its revenue jump due at least partly to the iPhone, AppleInsider notes. China Telecom (CHA) reported a 28.3% surge in mobile revenues during the first six months of the year. The carrier added 18.3 million 3G subscribers in that period. It now has 87.33 million subscribers, generating mobile data revenue of $4.3 billion, up 39% over last year. Monthly data usage by 3G subscribers climbed 51% during the first year since it added the iPhone to its lineup. Apple CEO Tim Cook reportedly met with executives from rival China Mobile (CHL) during a recent trip to China, possibly in a bid to persuade the world’s largest wireless carrier to offer the iPhone. The upcoming iPhone 5S and iPhone 5C are rumored to feature processors that would allow them to run on China Mobile’s data network.
Nod: Apple has posted a note on its Web Server notifications page crediting Ibrahim Balic and two other groups with identifying vulnerabilities in its website security, TechCrunch notes. Last month, Balic said he was behind the outage of Apple’s Developer Center website. The London-based researcher claimed to have discovered a flaw in the website’s security and notified the iPad-maker, which kept the website offline for weeks. However, sources tell TechCrunch that the vulnerability discovered by Balic was not the reason for the outage and that Apple took the website down for an entirely different reason. On its notifications page, Apple also credited 7Dscan.com and SCANV with identifying web security issues. TechCrunch speculates that it was those groups that spotted the flaw that led to the website’s outage.
For more about the company, check out our previous Apple Rumors stories.
Source URL: http://investorplace.com/2013/08/wednesday-apple-rumors-september-launch-for-itunes-radio/
Short URL: http://invstplc.com/1nAeQsV
Copyright ©2015 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.