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

|About: Apple Inc. (AAPL)|By:, SA News Editor

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.