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CNN Live At Daybreak
Apple Teams With Pepsi: Winning Codes Under Caps Lead to Free Downloads
Aired October 17, 2003 - 06:15 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL COSTELLO, CNN ANCHOR: Time now, though, for a little 'Business Buzz.' Buying a Pepsi may be your ticket to downloading music from the Web.
Carrie Lee has all the details for you live from the Nasdaq market site.
Good morning.
CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: Good morning, Carol.
We're talking about a promotional tie-in with Apple Computer. Apple signing a marketing deal with PepsiCo to promote its download Internet music service.
Now Apple says it's going to give away about 100 million free tracks to lucky soft drink buyers in a promotion starting on Super Bowl Sunday in February. Consumers who buy Pepsi with winning codes under the caps get to download songs for free.
Now also, Apple is going to become the premiere music download service for America Online. The Internet service, like CNN, is a unit of Time Warner.
And finally, iTunes has launched. Apple launched its Windows compatible version of its online music service yesterday. Previously, of course, the service was available only to Macintosh users. This expanded service could be the first significant challenger to other popular sites such as Kaza and Morpheus. Song downloads are 99 cents a pop. That service launched in April. So a very busy week for Apple.
Carol, that is the latest.
COSTELLO: All right. Quick look at the futures before you have to go.
LEE: Well, we are expecting a pretty flat open right now. Technology issues do look a little bit weak. We did hear from eBay after the bell, very solid quarter. Profits up 69 cents. Sales up 84 percent over last year -- 69 percent over last year. The stock, though, was trading lower by about 6 percent. Expectations, Carol, for this company are so high that unless they really blow through the estimates, people tend to sell off. The stock has more than doubled over the past year, though, so that's one stock we're watching. COSTELLO: All right. Thank you. Carrie Lee live from the Nasdaq market site.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
Free Downloads>
Aired October 17, 2003 - 06:15 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL COSTELLO, CNN ANCHOR: Time now, though, for a little 'Business Buzz.' Buying a Pepsi may be your ticket to downloading music from the Web.
Carrie Lee has all the details for you live from the Nasdaq market site.
Good morning.
CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: Good morning, Carol.
We're talking about a promotional tie-in with Apple Computer. Apple signing a marketing deal with PepsiCo to promote its download Internet music service.
Now Apple says it's going to give away about 100 million free tracks to lucky soft drink buyers in a promotion starting on Super Bowl Sunday in February. Consumers who buy Pepsi with winning codes under the caps get to download songs for free.
Now also, Apple is going to become the premiere music download service for America Online. The Internet service, like CNN, is a unit of Time Warner.
And finally, iTunes has launched. Apple launched its Windows compatible version of its online music service yesterday. Previously, of course, the service was available only to Macintosh users. This expanded service could be the first significant challenger to other popular sites such as Kaza and Morpheus. Song downloads are 99 cents a pop. That service launched in April. So a very busy week for Apple.
Carol, that is the latest.
COSTELLO: All right. Quick look at the futures before you have to go.
LEE: Well, we are expecting a pretty flat open right now. Technology issues do look a little bit weak. We did hear from eBay after the bell, very solid quarter. Profits up 69 cents. Sales up 84 percent over last year -- 69 percent over last year. The stock, though, was trading lower by about 6 percent. Expectations, Carol, for this company are so high that unless they really blow through the estimates, people tend to sell off. The stock has more than doubled over the past year, though, so that's one stock we're watching. COSTELLO: All right. Thank you. Carrie Lee live from the Nasdaq market site.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
Free Downloads>
