Weekly Highlights: iPhone 6 Summer Release, Bitcoin Craziness And More
What a difference a week can make.
In that time, Apple (NASDAQ: AAPL) has become a headline-making champion with iPhone 6 release hype, promising concepts (patents, anyone?), legal disputes with Samsung (OTC: SSNLF) and the loss of a prominent executive.
Bitcoin also made headlines after a man was (falsely?) revealed to be the creator of the popular cryptocurrency.
And RadioShack (NYSE: RSH) announced a plethora of store closures.
Disclosure: At the time of this writing, Louis Bedigian had no position in the equities mentioned in this report.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
iPhone 6 Speculated For Summer Release
Everyone wants to know when the next-generation iPhone will be released.
Many expect it to come out in September or October.
But what if consumers could get their hands on a brand-new Apple-made smartphone in June, July or August?
Surely they would jump at the chance.
Jefferies analyst Peter Misek believes that the iPhone 6 will arrive sooner than expected.
"Late summer," he said.
That begs the question: do they make sunscreen for smartphones yet?Image Source: Wikimedia Commons
Minecraft Film Could Be A Totally "Awesome" Alternative To LEGO
Did Warner Bros. greenlight a Minecraft film to cash in on the success of The LEGO Movie?
Perhaps -- but this is not the first video game to be adapted into a film. In fact, it was one of two video games to make the jump this week.
The other will be based on Sony's hit PlayStation 3 game, The Last of Us.Image Source: Wikimedia Commons
Apple Said Goodbye To Peter Oppenheimer, Hello To Luca Maestri
Current CFO Peter Oppenheimer is leaving Apple at the end of September.
Luca Maestri will take Oppenheimer's place when he retires.
"You call it retiring or you call it firing or investor discontent," Global Equities Research analyst Trip Chowdhry told Benzinga. "[It's] anybody's take."
Chowdhry has been a harsh critic of Oppenheimer and CEO Tim Cook, arguing that they should be replaced immediately.
"This change needs to happen immediately," said Chowdhry. "It can't be like Microsoft (NASDAQ: MSFT), where they have waited for 10 years to figure out that Ballmer is ineffective and it's too late.
"Today Apple still has time to remove the CEO, to remove the CFO, but the choice is not right. They need to get Fred Anderson back in. They need to get Jon Rubinstein back in so that Apple can regain its full capability."Image Source: Wikimedia Commons
RadioShack Announced New Store Closures
The tech industry had another goodbye this week: RadioShack.
Once known as the place to go for electronics, RadioShack has slowly lost its edge in the sale of consumer electronics.
Now the company plans to close up to 1,100 underperforming stores.
The retailer currently operates 4,000 stores and 900 dealer franchise locations.Image Source: Wikimedia Commons
Apple Takes Fingerprint Scanning To Another Level?
Apple might be on the verge of another touch-based revolution.
The company, which helped popularize touch screens among the general public, released its first fingerprint scanning device (the iPhone 5S) last fall.
Now Apple has filed a patent that could allow users to wirelessly transfer data between devices with a simple touch.
This might sound like an unnecessary feature that will merely simplify a task consumers can already perform.
But history shows that when Apple simplifies something -- even the most trivial of tasks -- consumers go crazy. Thus, if an actual product is developed, this could be huge for Apple.Image Source: Wikimedia Commons
Bitcoin's Real-Life Drama Was So Crazy, You'd Swear It Was Fiction
Two years ago, CBS' The Good Wife cleverly presented a fictional story that explained who created bitcoin.
The real-life tale is just as amusing.
This week Newsweek published a story claiming that a 64-year-old engineer, Satoshi Nakamoto, was behind bitcoin.
When reporters went to his home, hoping to unearth additional details, Nakamoto denied the claim that he created bitcoin.
Needless to say, the writers behind The Good Wife must be very amused.Image Source: Wikimedia Commons
Tragedy Struck Bitcoin Exchange First Meta
Apple's Fail Of The Week
Bitcoin's False Creator Could Get A Massive Paycheck
The real creator of bitcoin is reportedly worth millions, but the false founder could receive a nice consolation prize.
An unofficial charity has been started to provide Satoshi Nakamoto with donations for being falsely revealed as bitcoin's inventor.
Thus far, more than $10,000 (equal to more than 18 bitcoins) has been donated.Image Source: Wikimedia Commons
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