Best Buy Acquires Napster For $121 Million
Best Buy has acquired Napster for $121 million in cash. The announcement provides Best Buy with a digital music store, and is part of their online expansion strategy. How they will leverage the digital retail component with their physical stores remains to be seen, but the two working in concert may provide additional revenue potential. “We can foresee Napster acting as a platform for accelerating our growth in the emerging...
Apple Fails To Inspire With iPod Refreshes – Focus Remains On Jobs Health
Apple’s Let’s Rock! media event yesterday was a disappointment in terms of new product announcements, and instead focused attention on the frail state of CEO Steve Jobs, who appeared emaciated. At the keynote, Jobs introduced the new fourth generation iPod nano, which was no surprise to anyone who follows the Apple rumor mill, since pictures of the unit and third party cases were leaked on the Internet during the last...
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