Apple stock drops 12 points following iPhone 5S & 5C announcement.

apple stock down following iphone 5s and 5c announcement somegadgetguyDamn stock market. I haven’t even finished writing up what was announced at the Apple event today, and you guys already jumped into some trading.

It would seem investors weren’t impressed by the new offerings on display from Cupertino. Following the unveiling of the worst kept secrets in tech, Apple’s stock is currently down 12 points, trading at around 494 a share. Not a great position for this company to be in as the last several product announcements from Apple have been viewed with some cynicism. Apparently a revised iPhone 5 and a new plastic mid-range iPhone wasn’t what the market was hoping for to drum up some excitement.

From a business perspective I’m a little surprised that adding China to the list of countries receiving the iPhone at launch wasn’t met with more celebration. China will be a huge potential market for Apple, and those people concerned with the profitability of iOS should be optimistic that we’ll see increased revenue from these Asian markets.

Live-Tweeting Apple’s Announcement today: @SomeGadgetGuy

8da6092d74e03c349d0da576ef22f54cJust a quick heads up folks.

If you’re going to be following along with the Apple keynote today, and would like some up to the second commentary, I’ll be sharing my thoughts on Twitter as @SomeGadgetGuy. I’m hoping to be impressed with some new Apple gear, but it’s also just as likely that I might bring a little snark to my commentary.

Who knows? Anything could happen. Join me on Twitter to talk it out!

Microsoft XBox Music coming to iOS and Android devices.

xbox music streaming online radio launch ios android browser somegadgetguyOnline music streaming radio is a really competitive arena at the moment. You’ve got Slacker, Pandora, Rdio, Spotify, Last.FM, even streaming  terrestrial radio. Recently Google entered this market with Play Music All Access, and we’re pretty confident Apple will eventually arrive with iTunes Radio. Not entirely sure what the hold up with them is, as they kind of created the online music scene, but I digress.

Microsoft certainly doesn’t want to be left out of this market and they’re jumping in now with XBox Music.

The service sounds fairly familiar if you’ve used any other online music streaming solution. Microsoft has a library of around 18 million songs, and you can listen to unlimited music either with ads or ad-free for $10 a month (or $100 a year). After the first six months with the ad supported service however, you will be capped at 10 hours of music per day.

XBox Music Pass allows you to sync your music across all of your gadgets, from your XBox, to phones, tablets, and computers. That might be the smart play here by Microsoft, their music streaming will also come in iOS and Android app flavors. They have to know a large chunk of their XBox live subscriber base probably have phones or tablets from their competitors, but still might consider using the Music app built into their game console.

There’s also  a music discovery service called Smart DJ which should function like Pandora, and an update to Windows 8 will allow users to catalog music they find on other sites like Pitchfork to listen to later in their library.

This is good timing on Microsoft’s part. Sure they’re late to this party, but as they’re trying to move forward with their phone and tablet solutions, filling out the media purchasing options for their ecosystem means customers will be more likely to shop in their stores. As we’re getting set for the release of the XBox One, Microsoft is making a compelling argument for their console to be the front end of the entire living room. Plus iOS and Android users wont be excluded.

And, I did mention they were beating Apple to the punch here right? I mean… That’s just weird…

XBox Music