Market Overview

SLIDESHOW: iPhone 5S Spurs Massive Crowds And Other News From The Third Week Of September

Every year, analysts worry that Apple (NASDAQ: AAPL) will disappoint investors with lackluster iPhone sales performance.

Quarter after quarter, Apple has defied all but the loftiest expectations and reported positive sales growth.

Based on the size of the crowd at the Apple Store at the Somerset Collection in Troy, Michigan (and the enormous crowds at other Apple Stores all over the world), it seems that Apple has another hit on its hands.

Disclosure: At the time of this writing, Louis Bedigian had no position in the equities mentioned in this report.

Louis Bedigian is the Senior Tech Analyst and Features Writer of Benzinga. You can reach him at louis(at)benzingapro(dot)com. Follow him @LouisBedigianBZ

Posted-In: Amazon AppleAnalyst Color News M&A Success Stories Analyst Ratings Tech Best of Benzinga

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    Apple Released The iPhone 5S To Massive Crowds

    Apple Released The iPhone 5S To Massive Crowds

    If you wondered how popular the iPhone 5S would be at launch, look no further than image on the right.

    Apple (NASDAQ: AAPL) may be struggling to sell the iPhone 5C in America, but the company was overwhelmed with iPhone 5S demand this week.

    Image Source: Wikimedia Commons
  • Close Next 2/11 Previous

    App Downloads Expected To Reach 102 Billion

    App Downloads Expected To Reach 102 Billion

    Android, iOS, Windows Phone, BlackBerry (NASDAQ: BBRY) and other devices have led to an app explosion.

    Total app downloads are expected to reach 102 billion in 2013.

    More than 90 percent of those apps will be free, but 102 billion is an enormous amount of apps regardless of the price.

    Image Source: Wikimedia Commons
  • Close Next 3/11 Previous

    IBM To Spend $1 Billion Investing In Linux

    IBM To Spend $1 Billion Investing In Linux

    IBM (NYSE: IBM) is a big fan of Linux.

    The company announced that it will spend at least $1 billion investing in Linux-related products.

    IBM has yet to release the full details regarding its plans, but this announcement is big news for Linux.

    Image Source: Wikimedia Commons
  • Close Next 4/11 Previous

    BlackBerry Workforce Expected To Plummet

    BlackBerry Workforce Expected To Plummet

    After failing to revitalize its business with a new OS, BlackBerry (NASDAQ: BBRY) could be forced to reduce its workforce.

    In fact, the company my eliminate 40 percent of its employees.

    Image Source: Wikimedia Commons
  • Close Next 5/11 Previous

    Microsoft Prepped Surface 2 With Huge iPad Buyback

    Microsoft Prepped Surface 2 With Huge iPad Buyback

    Microsoft (NASDAQ: MSFT) announced this week that it will pay up to $350 for an iPhone or iPad.

    The buyback started only days before the second-generation Surface is expected to be unveiled.

    Look for the Windows maker to introduce its new lineup of tablets on Monday, September 23.

    Image Source: Wikimedia Commons
  • Close Next 6/11 Previous

    Carl Icahn Hearted Apple - Again And Again

    Carl Icahn Hearted Apple - Again And Again

    In case you didn't know, famed investor Carl Icahn (NASDAQ: IEP) really loves Apple (NASDAQ: AAPL).

    He has shared his love during two separate interviews with CNBC.

    In the latest, Icahn said that he still thinks that Apple is an undervalued company.

    Image Source: Wikimedia Commons
  • Close Next 7/11 Previous

    Groupon Made Another Purchase

    Groupon Made Another Purchase

    Groupon's (NASDAQ: GRPN) latest deal could boost the company's efforts meet consumers' local needs.

    The daily deals giant purchased SideTour, a startup that introduces its users to cool experiences in nearby cities.

    This is the second company Groupon has purchased this month. The first was a last-minute travel app called Blink.

    Image Source: Wikimedia Commons
  • Close Next 8/11 Previous

    Google Entered The Healthcare Business

    Google Entered The Healthcare Business

    Will the future of healthcare involve a popular search engine and a pair of futuristic-looking glasses?

    It could now that Google (NASDAQ: GOOG) has entered the fray.

    This week the company announced Calico, a new company that will "focus on health and well-being, in particular the challenge of aging and associated diseases."

    Image Source: Wikimedia Commons
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    Tesla Could Slip Away From Panasonic

    Tesla Could Slip Away From Panasonic

    Global Equities Research analyst Trip Chowdhry is convinced that Tesla (NASDAQ: TSLA) is building a new hybrid battery pack.

    This is great news for just about everyone…except Panasonic (OTC: PCRFY).

    "I don't think Panasonic or even Samsung could be a leader in the metal-air battery [production]," Chowdhry told Benzinga.

    "I think there could be some other players, [but] we don't know who it is."

    Image Source: Wikimedia Commons
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    Amazon's Next Kindle Fire Could Be A Rehash

    Amazon's Next Kindle Fire Could Be A Rehash

    Amazon (NASDAQ: AMZN) is developing a number of next-generation tablets.

    One of them might be a rehash.

    This revelation came after a leaked image for the next, untitled Kindle Fire appeared online.

    Looks familiar, doesn't it?

    Image Source: EVLeaks
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