The 5 Can't-Miss Apple Stories from the Past Week
A lot can happen in a week.
In looking back on this week, it is clear that a lot has happened to everyone's favorite tech giant -- Apple (NASDAQ: AAPL). No new products were announced, but there were several developments that could shape the company's future and impact its upcoming product releases.
Louis Bedigian is the Senior Tech Analyst and Features Writer of Benzinga. You can reach him at 248-636-1322 or louis(at)benzingapro(dot)com. Follow him @LouisBedigianBZ
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Apple is losing $6 - $7 billion annually to its competitors (in just one nation!)
Apple could be so much more popular…in India.
Global Equities Research analyst Trip Chowdhry estimated that Apple stands to lose as much as $7 billion this year because of its current Indian strategy.
Chowdhry was quite harsh in his assessment of Apple's plans.
"I think it is the lack of focus of Apple and the existence of competition," he told Benzinga. "Basically, BlackBerry and Samsung are very aggressive in creating a brand and having an association with whoever uses BlackBerry or Samsung are considered elite customers. When you talk to consumers in India, they literally find that when they buy Samsung or BlackBerry they are buying an iPhone at half the price."Image Source: Wikimedia Commons
Don't expect an Apple-Samsung settlement
Investors need to give up any hope that a settlement will occur.
That's the advice of patent expert Cheryl Milone, who told Benzinga that Apple and Samsung have taken the battle too far to settle.
"I think the longer this goes on…the trajectory is for continued action in litigation rather than resolution," she said. "I think that the time for a resolution would have been before the trial.
"…There will need to be another time when the business risk itself is assessed. I don't think that time has come. I think the opportunity came and passed."Image Source: Wikimedia Commons
Apple finally goes home…but not with Facebook
Apple is finally coming home -- but not to Facebook.
While there were rumors that Apple would acquire a special version of Facebook Home, the company's restrictive iOS platform prevented that from happening.
The latest Apple-related "home" story surrounds the infamous home button. When the next iPhone comes out, it might not have a home button at all.Image Source: Wikimedia Commons
So Long, Innovation
Between the iPod and iPhone, Apple created gold for millions of consumers worldwide. Apple sparked the smartphone movement and inspired Google and other tech giants to develop online marketplaces for cheap software (known as "app stores").
Unfortunately, a new survey found that Bloomberg Terminal customers (mostly financial professionals) believe that Apple has lost its reputation as an industry leader.Image Source: Wikimedia Commons
50 billion and still so young