Tuesday, December 2, 2014

Apple fell 6.4% Monday AM, the commentators must find reasons

Apple fell 6.4% Monday am. The commentators must find reasons.

As Apple still struggles to meet iPhone 6 demand, Canaccord raises price target to $135

Apple's Stock Dive Is Just a Blip on Its Way to Being Worth $1 Trillion

Apple's Stock Dive Is Just a Blip on Its Way to Being Worth $1 Trillion | WIRED

The thing to remember here is that artists were getting Zilch, nada, nothing from people using Napster, and that was everybody.

Jobs introduced the 99 cent song, which was raised to 1.29 eventually

It was still not a good situation.

That essentially rolled things back to the 50's when kids bought 45 rpm singles, not albums, but it stemmed the tide.

Artists, their managers and labels would like to return things to the 70s when kids bought vinyl LP albums that could only be copied by cassette with inferior sound quality reproduction.

Labels want the power and money back that they had in the 70s through the 90s, before Napster, dictating unfair terms to Artists and their managers, and making bazillions of $$$ in the process.

That's what's at stake here, but not fully addressed.

Steve Jobs saved everyone's bacon, but it was doled out in single songs with the labels still holding their onerous contracts over the Artists.

The onerous contracts with the labels were not Jobs fault, but he busted up the album into singles again sending things back to the 50s.

Steve Jobs shouldn't be on trial, EMI, Sony, and Warner should be on trial, and streaming royalties should be completely re-valued and adjusted to return artists, musicians, and writers a greater share of the pie for their creations and contributions that live-on forever in the digital cloud.

This trial is a long way from that.