Apple Stock Worth Even More, According To Needham – Buy, Buy!
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This morning, Barrons reported that Needham & Co.’s Charlie Wolf has valuated Apple’s stock (APPL) to rise to $540, up from his earlier prediction of $450, over the next 12 months. He attributes the increase to the iPad’s overwhelming hold over the tablet market.
Wolf’s February prediction did not take into account the iPad’s value and now says Apple’s tablet is set to capture a significantly larger share of the market than previously predicted.
While June 30th was the deadline for app makers to comply with Apple’s new rules on in-app payments and subscription links, Amazon waited until Monday to finally make a decision.
When Apple released the App Store in 2008, the Cupertino company quickly put a stranglehold on Nintendo’s handheld business, which has seen its handheld console sales decrease over the last few years. Nintendo has used different techniques to combat Apple’s iPhone, iPod Touch and the iPad. The Japanese manufacturer aggressively reduced its handheld prices and has also launched the Nintendo 3DS in an effort to keep kids and their families fully engaged.
Back in March, Apple filed a trademark lawsuit against Amazon over the term “App Store,” which Apple says it has exclusive rights to use. Apple claimed that it would be irreparably harmed by Amazon’s use of the name if and when customers confused the two services. Amazon disagreed, and maintained that the term is generic.
It looks like Apple has expanded its social media reach today by adding Twitter to the list. Approximately three hours ago the first tweet was sent out from the @AppStore Twitter account and they’ve already got 27,000 followers and climbing quickly. The AppStore is following 5 people on Twitter: iTunesTrailers, iTunesPodcasts, iTunesTV, iTunesMovies and iTunesMusic.
As of today, nearly 10 billion apps have been downloaded from the App Store worldwide. This is an outrageous number and one that certainly speaks to Apple’s success.
A week ago we wrote about the upcoming Sling Media’s mobile app for the iPad. Well, the app is available 
If you like the LEGO-based games for the Sony PSP and Nintendo DS platforms, you will probably like the fact that Warner Bros has started porting some games to the iOS platform. Now that the holiday season is in full swing, you may want to download a few iPad games for your kids, or perhaps even yourself.
In an effort to spark developers interest and to keep developers from building apps solely for HTML5 and other tools, Adobe has announced today the release of Adobe AIR 2.5.
