Tag: buy

Analysts at Needham & Co. consider the current iMac delay a buying opportunity for Apple stock, the company said in a research report released today. “Near-term weakness presents an excellent buying opportunity, because the issue is one of supply, not demand,” analysts Charles Wolf and Justin Udelhofen said. The firm reiterates its “buy” rating on the company’s stock.

Buy.com on Wednesday confirmed plans to launch a paid download digital music service to “piggyback on the success” of Apple’s iTunes. A spokesperson for the online retailer told InternetNews.com that the service would be branded “iMusic” and, as we reported yesterday, launch on July 22 with a massive promotional campaign in New York City’s Times Square. Read More

Buy.com will reportedly unveil a new online music service next Tuesday with a US$40 million promotional campaign and a launch celebration in New York’s Times Square. Taking its cue from Apple’s iTunes Music Store, Buy.com will sell individual tracks without collecting a monthly subscription fee, the Mercury News reported. The article also notes that the online retailer will be heavily targeting PC users and has yet to secure licensed music from all five major record labels.