MarketFoolery: 03.22.2011
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 22 March 2011
⏱️ 9 minutes
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Summary
Amazon.com opens its app store for Android smartphones. Apple cries foul and says it holds the "App Store" trademark. How strong is Apple's case? What will the app store mean for Amazon's business? And which stock will perform better over the next five years? We'll tackle those questions and talk RVs, oil prices, and the future of Winnebago.
Transcript
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| 0:00.0 | It's Tuesday, March 22nd, and this is Market Fullery. |
| 0:05.0 | I'm Chris Hill and joining me in studio today from Million Dollar Portfolio Ron Gross, |
| 0:09.5 | from Inkem Investor James Early, and from Motley Fool Asset Management, Bill Barker. |
| 0:14.0 | Guys, good to see you. |
| 0:15.0 | Good to see you, Chris. |
| 0:16.0 | We will get out on the open road with Winnebago and Harley Davidson, but we will begin today |
| 0:21.0 | with a battle online. |
| 0:22.9 | At midnight Amazon opened its app store for Android smartphones, |
| 0:27.5 | and Apple isn't taking it lying down. |
| 0:30.3 | Apple is suing Amazon claiming it has trademarked the phrase |
| 0:34.0 | app store. |
| 0:35.0 | So Ron, I'll start with you and before we get into the lawsuit which is |
| 0:39.2 | awesome frankly, let's start with the Amazon App Store first. |
| 0:43.8 | It seems like kind of a slam dunk, both for Amazon and for Android. |
| 0:48.0 | Yeah, I think it makes perfect sense for Amazon. |
| 0:51.0 | And obviously, Android is the beneficiary of it. |
| 0:54.4 | It's going to start slow. |
| 0:55.4 | There's about 3,800 apps initially and let's contrast that with the 150,000 |
| 1:00.4 | apps that Google's Android Market App Store has. |
| 1:04.0 | So we're starting slow, but what I like about Amazon, |
| 1:08.0 | it's going to use your past buying history |
| 1:10.0 | to recommend apps that you may like, |
... |
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