Market Overview

SLIDESHOW: iPhone 5S Images, Microsoft Drops Xbox One Restrictions and More From the Third Week of June

This was a week of reversals.

A week of acquisitions.

And most of all a week where Oracle (NASDAQ: ORCL), Microsoft (NASDAQ: MSFT), Apple (NASDAQ: AAPL), Facebook (NASDAQ: FB) and other major players were determined to surprise people -- or at the very least get their attention.

Yahoo (NASDAQ: YHOO) didn't anything formal to say, but rumors surrounded the company, suggesting that it could have two hefty announcements in the coming weeks.

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

Posted-In: Apple Facebook Larry EllisonNews Rumors Legal Success Stories Tech Best of Benzinga

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    iPhone 5S Stepped Into the Spotlight

    iPhone 5S Stepped Into the Spotlight

    Apple's long-awaited smartphone got an extra boost this week after the first images began to appear online.

    While they do not reveal more than the back of the device and its inner workings, they provide a hint as to what consumers can expect from the next iPhone iteration.

    Expect more leaks to follow in the weeks to come.

    Image Source: MacRumors
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    Microsoft Gave In to Customer Demand

    Microsoft Gave In to Customer Demand

    It's not every day that companies listen to what their customers want, but Microsoft did just that when it decided to remove the DRM and online connectivity restrictions that plagued Xbox One.

    This announcement came as quite a surprise to many within the industry, who expected Microsoft to hold its ground for a year or two -- or at least until sales were justifiably impacted.

    Image Source: Wikimedia Commons
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    Apple Scored a Major Patent Victory in Japan

    Apple Scored a Major Patent Victory in Japan

    The global patent dispute between Apple and Samsung continued -- and in one Japanese court, one battle finally came to an end.

    Apple won this particular fight, which involves various visual effects for touch panels.

    As of this writing, it is not yet known how much Apple will receive for its victory.

    Image Source: Wikimedia Commons
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    Apple Earned Millions in L.A. School Deal

    Apple Earned Millions in L.A. School Deal

    With $30 million up front for iPads selling for nearly $700 each, Apple is making a nice profit from its Los Angeles school deal.

    Long-term, the company could make several hundred million from the school district as it orders additional apps, upgrades and accessories.

    Image Source: Wikimedia Commons
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    Netflix Ordered 300 Hours of New DreamWorks Content

    Netflix Ordered 300 Hours of New DreamWorks Content

    Netflix is determined to dominate the family-friendly market.

    The streaming video giant made another impressive announcement this week when it revealed that it has teamed up with DreamWorks to produce more than 300 hours of original content. This will likely result in the creation of dozens of TV shows consisting of a dozen or more episodes each.

    Image Source: Wikimedia Commons
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    Amazon Expanded its Entertainment Library (For Kids)

    Amazon Expanded its Entertainment Library (For Kids)

    Amazon's Kindle FreeTime Unlimited -- the online video service for young children -- now has more than 1,000 books, apps, movies and TV shows.

    The online retail giant also announced a gift card venture that will make it easy for users to send Amazon gift cards to their Facebook friends.

    Image Source: Wikimedia Commons
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    Oracle Teased a 'Startling' Announcement

    Oracle Teased a 'Startling' Announcement

    Is Oracle on the verge of something big?

    Its CEO, Larry Ellison, thinks the answer is yes. While he would not provide any details, he happily told the press that a "startling series of announcements" would be made next week.

    Image Source: Wikimedia Commons
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    Yahoo Went on a Shopping Spree

    Yahoo Went on a Shopping Spree

    While the company's acquisitions are not yet final, Yahoo is largely expected to acquire not one but two new firms -- Qwiki (an app that merges videos, photos and music into one movie) and Xobni (a smart contacts app).

    Why the interest in so many startups, particularly those that are building apps?

    Yahoo's long-term goal is to become a mobile stalwart. It can't do that if it doesn't acquire the best in mobile app talent.

    Image Source: Wikimedia Commons
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    Qualcomm Chips Expected to Invade Surface RT 2

    Qualcomm Chips Expected to Invade Surface RT 2

    Don't worry, NVIDIA fans -- Microsoft isn't planning to replace that chip maker with Qualcomm.

    Instead, numerous reports indicated that the Windows maker will simply add Qualcomm to its list of manufacturers.

    This could lead to the release of multiple types of Surface tablets -- not just the Pro and RT models.

    Image Source: Wikimedia Commons
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    Facebook Unveiled Video for Instagram

    Facebook Unveiled Video for Instagram

    The world's most popular photo-snapping app has just received a major upgrade: video.

    While most of the new features are far from revolutionary, the coolest addition proved to be the image-stabilizer, which can apparently work with any smartphone running the app.

    Image Source: Wikimedia Commons
 

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