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Apple's (AAPL) digital textbook initiative is off to a decent start, claims Global Equities...

Apple's (AAPL) digital textbook initiative is off to a decent start, claims Global Equities Research; the firm estimates over 350K textbooks have been sold thus far. Like McGraw-Hill (MHP - previously), Global Equities doesn't expect a $15/book price tag to hurt publisher profits, thanks to a lack of reselling, and far lower production and distribution costs.
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