SLIDESHOW: Apple's Groundbreaking Patent, Ballmer's Retirement And More From The Fourth Week Of August
Apple (NASDAQ: AAPL) has taken an interest in developing a system to control virtual objects.
After Apple filed a patent for what could be the company's answer to Kinect (the Microsoft-developed (NASDAQ: MSFT) motion-based control system for Xbox), investors began to wonder what Apple might do next.
As big as that story was, it did not have the market-moving power that accompanied Steve Ballmer's retirement. He will be leaving Microsoft in 2014.
Elsewhere in tech, Sony (NYSE: SNE) announced that PlayStation 4 will be released in North America and Europe this November. Rumors claimed that the console will arrive in Japan and Asia Pacific one month later.
Google (NASDAQ: GOOG) was rumored to be working on a deal to secure the NFL Sunday Ticket, but many analysts argued that it was unlikely to succeed.
These were just some of the week's hottest stories in technology. Click through the slideshow to read them and several more from the fourth week of August.
Disclosure: At the time of this writing, Louis Bedigian had no position in the equities mentioned in this slideshow.
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
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Apple's Groundbreaking Patent Builds Buzz
Apple (NASDAQ: AAPL) gained a tremendous amount of buzz this week after filing a patent for a game-changing control mechanism.
In short, Apple has come up with a way (or at least filed a patent for a way) to generate and manipulate 3D objects using 3D gesture inputs.
The potential for iPad, Apple TV and other inclusions are mind-boggling. It could wholeheartedly change the way consumers interact with their devices.Image Source: Wikimedia Commons
Steve Ballmer Announced His Retirement Plans
Will BlackBerry Patents Power Future iPhones?
If BlackBerry (NASDAQ: BBRY) can't turn the business around, it might end up selling off its assets.
Forget about the smartphone manufacturing business -- analysts doubt that anyone will want that.
If they do, BlackBerry patents could end up powering future iPhones, Windows smartphones or Android devices.Image Source: Wikimedia Commons
Apple And China Mobile Inch Even Closer To A Deal
Report after report claims that the two parties are ridiculously close to an agreement that would bring the iPhone to millions of new customers.
This is the kind of growth deal that investors have been waiting for, and it could be right around the corner.Image Source: Wikimedia Commons
Google Rumored To Gain NFL Partnership
In an unlikely event that sent shivers up the spines of cable providers everywhere, Google (NASDAQ: GOOG) was rumored to form a partnership with the National Football League.
The goal was to gain access to the NFL Sunday Ticket, which would provide Google's pay-TV service with a tremendous boost.
If the deal was exclusive, it could be huge for Google.
But cable providers are said to oppose the deal, which could make it difficult for Google to reach an agreement.Image Source: Wikimedia Commons
Sony Announced PlayStation 4's Release Date
Google Not Renting Retail Space At Every Best Buy?
A source close to the situation told Benzinga that Google will not be joining those firms, despite the rumors claiming otherwise.Image Source: Wikimedia Commons
Hewlett-Packard Vowed To Stop Wasting Billions
"We don't need a $5 or $6 billion acquisition," she told CNBC. "I think there are acquisitions in the hundreds, $300 million range, maybe some up to a billion and a half that we might be interested in."
This is a big change for Hewlett-Packard, which was known for spending billions of dollars on massive acquisitions.Image Source: Wikimedia Commons
Apple Approached Content Makers For iTV Launch
iTV, Apple TV, Apple Television -- whatever you call it, people want it.
And Apple is eager to give it to them.
Before it can do so, the company must ink a deal with key content providers.
The results of those discussions have yet to be revealed.Image Source: Wikimedia Commons
Hollywood Studios Could Own Netflix By Default
Rich Tullo, Director of Research at Albert Fried & Company, has a grim outlook for Netflix (NASDAQ: NFLX).
In an interview with Benzinga, he explained what will happen if Netflix can't pay back its $6.3 billion debt to Hollywood.
"The only way Hollywood gets its money back is either [Netflix goes] bankrupt and Hollywood owns Netflix, which is bad for the shareholder, or it generates cash flow," Tullo told Benzinga.
Despite the risk, Netflix continues to spend millions acquiring original content and billions on content produced by other studios.Image Source: Wikimedia Commons
Tech News You Can't Miss
The preceding stories were just the beginning. Check out these other hot tech stories from the past week.
- Google Acquires Foxconn Patents To Enhance Google Glass
- Hewlett-Packard's Q3 Results In-Line With Estimates
- iPhone 5S, Low-Cost iPhone Could Arrive In China By November 28
- Intel's Plan To Overtake Qualcomm's Snapdragon Platform