iPhone sales could top 800,000
An announcement made Tuesday by the global financial firm UBS indicates that Apple, Inc. is on track to sell 800,000 iPhones by the end of the current quarter. The phone and electronics manufacturer had set a selling goal of 730,000 phones. The current fiscal quarter ends in September.
According to analyst Ben Reitzes, the demand for the iPhone is still solid after taking into account the initial launch excitement and expectations. Apple is also experiencing a high demand for their latest version of the iMac, which is pushing the company’s profits up further.
Paramount chooses HD-DVD
Paramount Pictures and Dreamworks Animation SKG Inc. announced Monday that it plans to release all future high definition movies on HD-DVD and discontinue movie releases on Blu-ray Disc. This decision was made after the companies decided that the HD-DVD format offered better quality along with players that were lower-priced. Manufacturing costs were another consideration. The majority of the movie industry, on the other hand, is choosing to release movies on Blu-ray Disc, which has outsold HD-DVD 2-to-1.
Wal-Mart drops DRM
The retail giant Wal-Mart has decided to call it quits with Digital Rights Management (DRM) on all the MP3s they sell online. The new catalog of songs will be from both EMI and Universal Music Group. The songs will cost $0.94 per track or $9.22 per album. All the songs will be encoded at 256kbps.