Tech theme this week.
It was that or gold climbing to close to $US1900 per ounce, which is major news and great for gold stock investors, but that says it all really.
So, since I have more of an interest in tech and tech is generally dominating around the world, tech it is.
It has been a big week for Apple (NASDAQ:AAPL). The $US1.6 trillion company has had to defend the fees it charges developers who sell software and services through the company’s App Store.
It is this issue that could be central to a congressional antitrust hearing to be held next week.
Consulting firm Analysis Group has concluded Apple’s 30% cut from developers is standard industry practice. Although, it should be noted the study undertaken by Analysis Group was commissioned by the tech giant.