3 Tech Titans Making Noise: Apple’s E-Book Troubles, BlackBerry’s Uncertain Future, and Amazon’s Fresh Strategy
Apple Inc. (NASDAQ:AAPL): U.S. District Judge Denise Cote is exploring the possibility of restricting the kind of e-book deals that Apple can maintain with five publishers for five years, including preventing the company from discounting e-books for at least two years. Apple may also be barred from negotiating with publishers during the same period in order to prevent the kind of price collusion that Cote has found the company liable for.
BlackBerry (NASDAQ:BBRY): Following a halt on trading, BlackBerry shares are trending higher on the news that the company has formed a special committee to explore strategic alternatives, including a possible sale or joint venture. Bundled into the announcement was the news that Fairfax Financial’s Prem Watsa — the company’s largest shareholder — is resigning from the board to avoid a conflict of interest.
Amazon.com (NASDAQ:AMZN): Though Amazon’s Fresh initiative seems like a product with limited potential, Fast Company’s J.J. McCorvey points out that the company’s new AmazonFresh grocery service is a “Trojan horse” that will give Amazon’s broader same-day delivery efforts their needed scale. The online retailer is hoping its same-day model will increase its appeal to third-party sellers that are now responsible for 40 percent of unit sales by lowering the delivery times.
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