GOOD DAY FOR: A landline, after Apple sold an estimated 425,000 of its new iPhones in their first three days on the market, in line with expectations. However, technical problems marred the launch, keeping many buyers from activating the phones right away. “The summary is that demand is good, execution was average,” said Piper Jaffray analyst Gene Munster. Munster expects Apple to sell 4.08 million iPhones this quarter. (Bloomberg)
BAD DAY FOR: Loose lips, after the Securities and Exchange Commission opened an investigation aimed at preventing the spread of false market information potentially tied to market manipulation. Swirling rumors of financial ill health have hit the share prices of Lehman Brothers and, most recently, Fannie Mae and Freddie Mac; Bear Stearns blamed rumors for its demise. (AP in CNNMoney.com)
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- The U.S. is about to sell weapons to Vietnam. That's bad news for China.
- Why is the Pentagon stuffing caves in Norway full of tanks?
- What the Middle Ages can tell us about the GOP's big charity myth
- An open letter to #brands about Gamergate
- Did the media get Ferguson wrong?
- 43 TV shows to watch in 2014
- The most sensible GOP alternative to ObamaCare comes from a Senate candidate who is almost sure to lose
- 'Having it all' has officially jumped the shark
- Did Republicans overshoot on the Ebola panic?
- How to be the most productive person in your office — and still get home by 5:30 p.m.
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