“Apple Computer has approached several major record companies about selling music videos through its iTunes store, according to a published report Monday. That could be a precursor to an iPod that plays video,” CNN/Money reports. “The Wall Street Journal reported the negotiations Monday, although an Apple spokeswoman declined to comment to the paper on what she termed ‘rumors and speculation’ about the company’s plans. Apple has told some entertainment-industry executives that it could announce a video iPod by September, according to the article.”
“The paper also reports Apple recently licensed a chip from a subsidiary of Broadcom Corp. that could be used to display video on portable devices, although it can also be used for more sophisticated graphics. ‘I believe it’s inevitable,’ Richard Doherty, an analyst with Envisioneering Group, a research and consulting firm in Seaford, N.Y., says of a video iPod,” CNN/Money reports.
Full article here.
“Analysts see the development as likely because of Apple’s strength in video software, including the Quicktime movie format and video-editing software, such as Final Cut Pro and iMovie,” The Associated Press reports.
Full article here.
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