It's a slow week for news, as most people took off halfway through the week to prepare themselves for an epic feast of gluttony and deliciousness. But the news marches on and Apple stories are no different. So what did happen? What did we talk about? What are the rumors out there? Let's take a peek.
On Monday afternoon, it was reported that a former employee of social share start-up Color Labs was suing the company. While recent reports indicated Apple acquired the company's talent, there may be a discrepancy in just how much Cupertino had to fork over on the deal. According to sources, Apple may have paid $7 million to scoop up the Color Labs team and some of its assets.
So have you heard any good rumors lately? We have. It seems like the rumor mill is on the cusp of being vindicated about the iPad mini as at long last Apple gives the technorati what they've been begging for. Will there be a market for it? Oh, we think a lighter priced smaller tablet might just be stuffing a few stockings this holiday season.
After a lengthy period where Color Labs was virtually ignored, the company found itself in the spotlight yet again this week with rumors of a shutdown, then an acquisition by Apple. But it turns out neither of those stories are quite true.
News broke Wednesday that the shareholders of Color Labs voted to "wind down" the company, but it now appears it may live on in some other form with rumors of the company being purchased by Apple instead.