S&P 500
7,614.80
-0.10%
Dow Jones
51,328.00
-0.09%
Nasdaq 100
30,646.00
-0.23%
Russell 2000
2,930.13
-0.10%
FTSE 100
0.00
+0.00%
Nikkei 225
68,446.70
+1.40%

Investing

Apple’s Goes After Textbook Market (AAPL, MHP, PSO)

Photo of Paul Ausick
By Paul Ausick Published

Today’s announcement from Apple Inc. (NASDAQ: AAPL) regarding its new textbook app for the iPad included news that McGraw-Hill Cos. Inc. (NYSE: MHP), Pearson plc (NYSE: PSO), and Houghton-Mifflin Harcourt will offer content through the free iPad digital book app, iBooks 2.

Apple also said that publishers had agreed to pricing for most digital books would be $14.99 or less. That’s a pretty big deal. Just checking the Amazon.com website, one of the books Pearson will offer through the iBookstore is Environmental Science: Your World, Your Turn, an 11th-grade science, which carries a list price just shy of $90.

Of course, students will need a $500 iPad in order to read the $15 digital book.

Follow 24/7 Wall St. on Google
Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Continue Reading

Paul Ausick |

Random House, Penguin Now One Company

Two publishing giants have agreed to a merger that will create the world’s largest commercial publishing house. Random House —…

Douglas A. McIntyre |

Sony Should Exit The E-Reader Business

Sony (NYSE: SNE) continues to humiliate itself with a series of poor decisions, many of which have severely damaged earnings.…

Douglas A. McIntyre |

Kindle: Hostage To Its Own Fame

Amazon (NASAQ: AMZN) announced that it would begin to sell its Kindle digital  book reader in some Target (NYSE: TGT)…

Paul Ausick |

Random House, Penguin Talk Merger (PSO, AAPL, AMZN, GOOG, BKS)

Two of the world’s four largest publishing houses, Random House — owned by Germany’s Bertelsmann AG — and Penguin —…

Douglas A. McIntyre |

Tablet PCs vs. Tablet Devices (AAPL, HP, PALM, DELL, GOOG, RIMM, AMZN, MSFT)

What exactly is that device that you can hold in your hand and use to read a book, surf the…

Apple Just Paid Investors: Here’s How Much They Received
Trey Thoelcke |

Apple Just Paid Investors: Here’s How Much They Received

Apple has rewarded shareholders again with a quarterly dividend. Annual dividend growth has been the norm at the iPhone maker…

Douglas A. McIntyre |

Amazon.com E-Reader Sales Leap: The Death Of Print

Print, which has been on the heart and lung machine for more than a decade, may finally be ready to…

Douglas A. McIntyre |

Amazon Reigns Online: Could Offline Be Next? (AMZN, AAPL, WMT, TGT)

Quarterly results at Amazon.com Inc. (NASDAQ: AMZN) beat even the company’s own high estimates for revenue and profits. A lot…

Douglas A. McIntyre |

Barnes & Noble to Build Nook With Samsung

Barnes & Noble's Nook could begin a resurrection after years of poundings by Amazon.com's Kindle and the Apple iPad. The…

Top Gaining Stocks

Hewlett Packard Enterprise
HPE • Vol: 153,197,465
Enphase Energy
ENPH • Vol: 8,360,053
Corning
GLW • Vol: 18,152,646
Alexandria Real Estate Equities
ARE • Vol: 4,337,015
Aptiv
APTV • Vol: 6,761,325

Top Losing Stocks

Trade Desk
TTD • Vol: 21,905,513
Intuit
INTU • Vol: 7,383,018
Coterra Energy
CTRA • Vol: 73,319,495
Cboe Global Markets
CBOE • Vol: 5,000,011
HP
HPQ • Vol: 29,259,826