Apple after the bell 9/20/06: $1 million in first week of movie sales

Posted Sep 20th 2006 6:01PM by Tobias Buckell
Filed under: After the Bell, Good news, Products and Services, Industry, Apple Inc (AAPL)

Apple Computer, Inc. (NASDAQ: AAPL) ended the day at $75.26, up $1.49, a 2.02% increase in price. Certainly a lot of that can be attributed to some positive news that has come out over the first half of the week. Google Inc. (NASDAQ: GOOG) is rumored to be planning to work with Apple's iTV, and Apple has already cleared $1 million in movie sales in one week, prompting Disney to predict that it will bring in $50 million in sales in the program's first year.

All of this points to Apple both incorporating web 2.0 video strategies and its download strategies into its media ecology, as well as providing a set top box that brings it all together. No wonder the buzz seems to be growing strong for Apple stock.

Tags: apple, apple iTv, apple media, AppleItv, AppleMedia, itunes, itunes movies, ItunesMovies, web 2.0, Web2.0