Apple has updated its iPhone every summer, and June is just around the corner.
The company's dominance is already leaving rivals sputtering. Nokia
The good news for any company that isn't named Apple is that the iPhone is unlikely to completely take over the planet. This is still a very expensive smartphone if you back out the wireless carrier subsidy. AT&T
Briefly in the news
And now let's take a quick look at some of the other stories that shaped our week.
- Skype was once the shiny speedster in eBay's
(Nasdaq: EBAY)garage, but the company appears to be growing just fine without it. Revenue sans Skype rose 18% in its latest quarter.
- Kudos to JPMorgan Chase for sticking its neck out. The firm downgraded shares of Janus Capital Group
(NYSE: JNS)just two days before the mutual fund company was set to report its quarterly results. It turned out to be the right call, since the stock tumbled after missing Wall Street expectations.
Until next week, I remain,
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Longtime Fool contributor Rick Munarriz recommends windshield wiper fluid when trying to look back. He does not own shares in any of the stocks in this story. He is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early. The Fool has a disclosure policy.