Friday, January 22, 2010

Apple Sees New Money in Old Media

by Yukari Iwatani Kane and Ethan Smith
Friday, January 22, 2010

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Steve Jobs's tablet device looks to repackage TV, magazines, just as iPod changed music sales.

With the new tablet device that is debuting next week, Apple Inc. Chief Executive Steve Jobs is betting he can reshape businesses like textbooks, newspapers and television much the way his iPod revamped the music industry—and expand Apple's influence and revenue as a content middleman.

In developing the device, Apple focused on the role the gadget could play in homes and in classrooms, say people familiar with the situation. The company envisions that the tablet can be shared by multiple family members to read news and check email in homes, these people say.

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