In what may be an embarrassment to The New York Times , sources say that Apple (NASDAQ: AAPL) and Twitter have not held conversations about a strategic relationship in over a year. The Times played the rumor, which it says was supported by its own sources, as based on very recent talks which are in late stages. The top story in the Times early today reported that Apple might make a strategic investment in Twitter, the micro blog site with as many as 250 million members
Reuters reports that
Apple Inc and Twitter are currently not in discussions on the mobile technology giant taking a stake in the popular social networking site
The lack of current conversations may be a relief to some Apple shareholders. Apple has developed all of its technology, software, and content relationships from inside the company. The need to set a relationship with Twitter could be seen a the first desparate act as Apple begins to lose ground in the smartphone market to Samsung, something which critics of the U.S. firm say was evident in recently earnings which were a disappointment.
Douglas A. McIntyre