Apple’s CEO Admits Blunder and 1 Hot Stock Moving the Market
Apple’s (NASDAQ:AAPL) chief Tim Cook admits the company blundered over its Maps app in iOS6, saying on its website: “At Apple, we strive to make world-class products that deliver the best experience possible to our customers. With the launch of our new Maps last week, we fell short on this commitment. We are extremely sorry for the frustration this has caused our customers and we are doing everything we can to make Maps better.” He recommends customers “try alternatives by downloading map apps from the App Store like Bing, MapQuest and Waze, or use Google (NASDAQ:GOOG) or Nokia maps.”
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In a big effort to marry live cable channels to the Internet, Dish Network (NASDAQ:DISH) is in talks with Viacom (NYSE:VIAB), Univision and Scripps (NYSE:SNI) to offer their channels as part of a legal Internet service, according to Bloomberg. The move, if successful, is likely to change the dynamics in the pay-TV business.
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