Gist: Apple eased off on rules for developers who make apps for the iPhone and iPad. Developers are now allowed to use whatever tool they want to create the app. Before, Apple's business model was much more closed. Developers had to develop the apps according to Apple's rules. For instance, you could not use Adobe Flash.
A possible reason why Apple eased off was because Google's Android Mobile OS is cutting into their market share. By giving app developers more freedom like Google does, they hope to get some of that back. Also, Adobe file with the FTC against Apple for anti-competitive practices. This could be a way to fend that off.
Either way, software developers are thrilled.
(Could this have any effects on Apple's stock? Or perhaps a software development company's stock?)
I would guess yes, their stock was affected. It has been a few days now. Please take a look at the prices since the announcement. Also look at Yahoo and Google Finance pages to see if there is any other news that may have affected this.
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