iTunes is Too Awesome, Wal-Mart (WMT) Succumbs to Pressure (AAPL)
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Price: $326.57 --0%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.3%
Revenue Growth %: +10.5%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.3%
Revenue Growth %: +10.5%
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Another one bites the dust.
According to reports Wednesday, Apple (Nasdaq: AAPL) has now beaten Wal-Mart (NYSE: WMT) in the digital music arena. Though Wal-Mart has had it's mp3.walmart.com store up for some eight years, the company announced it will close down on August 28th. Wal-Mart notes in a letter to distribution and licensing partners that "All content in the Store will be disabled and no longer available for download from the store."
Though Wal-Mart offered music for 88 cents per MP3, Apple's iTunes proved superior, with it's iPod and iPhone integration and better user interface.
Wal-Mart will reportedly keep supporting older, copy-protected songs.
According to reports Wednesday, Apple (Nasdaq: AAPL) has now beaten Wal-Mart (NYSE: WMT) in the digital music arena. Though Wal-Mart has had it's mp3.walmart.com store up for some eight years, the company announced it will close down on August 28th. Wal-Mart notes in a letter to distribution and licensing partners that "All content in the Store will be disabled and no longer available for download from the store."
Though Wal-Mart offered music for 88 cents per MP3, Apple's iTunes proved superior, with it's iPod and iPhone integration and better user interface.
Wal-Mart will reportedly keep supporting older, copy-protected songs.
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