Apple Buys a Piece of AOL -- Last week, Apple announced it exercised existing warrants with America Online (acquired as part of a 1992 agreement) to purchase a 5.1 percent stake in AOL. The purchase totals two million shares and cost Apple about $12.5 million, but has an estimated value of about $160 million. Although most analysts see this as a good investment decision, it does raise questions about Apple's future plans for eWorld. [GD]
Beware Country-Specific iTunes Stores
If you buy an iPhone, iPod touch, or iPad, and you happen to be a user of the iTunes Store in more than one country, take note which country's store you're viewing in iTunes when you plug in the device for the first time. This will be the country the device will register with, and you will be forever barred from purchasing or even updating free apps from anywhere else. The only way out is to delete everything on the device and do a full restore.
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