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Investing

Apple Sold 350,000 Textbooks in First Three Days (AAPL)

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By Paul Ausick Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

The Apple Inc. (NASDAQ: AAPL) initiative into figital textbook publishing is off to a rousing start. The company reportedly sold 350,000 electronic texts since the program was announced last Friday.

The company’s proprietary digital textbook publishing tools were also popular, racking up a significant 90,000 downloads over the three days according to the WSJ blog All Things Digital. The blog cites research firm Global Equities Research as pointing out that textbook costs could be reduced by a third by eliminating the supplier distribution channel and that the cost of textbook preparation could fall by 80% when compared with traditional print textbooks.

Apple’s shares are up 1.5% this morning, to $426.47 in a 52-week range of $310.50-$431.37.

Contact [email protected] for any questions or corrections.

Disclaimer: Energy Exploration Technologies, Inc. ("EnergyX") has engaged 24/7 Wall St to publish this communication in connection with EnergyX's ongoing Regulation A offering. 24/7 Wall St has been paid in cash and may receive additional compensation. 24/7 Wall St and/or its affiliates do not currently hold securities of EnergyX.

This compensation and any current or future ownership interest could create a conflict of interest. Please consider this disclosure alongside EnergyX's offering materials. EnergyX's Regulation A offering has been qualified by the SEC. Offers and sales may be made only by means of the qualified offering circular. Before investing, carefully review the offering circular, including the risk factors. The offering circular is available at invest.energyx.com/.

Comparisons to other companies are for informational purposes only and should not imply similar results. Past performance is not indicative of future results. Market shortfall are forward‑looking estimates and are subject to substantial uncertainty. Investments in private placements, and start-up investments in particular, are long-term, illiquid, speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest in start-ups

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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.

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