AAPL Financial News Weekly Roundup: Insider selling, Apple Music, and Apple Watch
Submitted by Fred Straker on
Apple Inc. (NASDAQ:AAPL) made news this week on several fronts, including a change to the royalty structure in its upcoming Apple Music service. Apple SVP of Internet Software and Services Eddy Cue stated that Apple would pay artists 0.2 cents per song during the 3-month free trial. While AAPL peaked mid-week at $129.70 after news of the change, the stock closed at $126.79 on Friday. This means AAPL longs were down 70 cents per share from Monday's open.