10-Q Watch: Apple's Third-Party Content Risks

Not earth shattering by any stretch but some interesting language in the Apple 10Q (Nasdaq: AAPL) filed with the SEC Wednesday just caught my eye, particularly in light of the recent conversation about Universal’s terms with iTunes and the plans by some providers to also be competitors. It’s in a favorite section — risk factors — and explains why relying on third-party content may cause problems. Some excerpts (the full text is on page 43): “The Company pays substantial fees to obtain the rights to offer to its customers this third-party digital content. The Company

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