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Weekly Highlights: Apple And IBM Join Forces, Microsoft Announces Big Layoffs And More

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Weekly Highlights: Apple And IBM Join Forces, Microsoft Announces Big Layoffs And More
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Apple (NASDAQ: AAPL) and IBM (NYSE: IBM) stole the show this week when they announced a global partnership.

Microsoft (NASDAQ: MSFT) announced an unexpected number of layoffs.

Samsung (OTC: SSNLF) was reportedly on the cusp of a major acquisition.

Google (NASDAQ: GOOG) added new talent to its board.

And Amazon (NASDAQ: AMZN) unveiled an unlimited e-book subscription service.

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

Posted-In: Amazon Apple Google IBM Microsoft SamsungSuccess Stories Tech Best of Benzinga

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    Apple And IBM Teamed Up

    Apple And IBM Teamed Up

    Apple and IBM surprised investors when the companies announced a global sales partnership.

    The deal includes new sales (iOS devices will be sold to IBM's global business clients), as well as special apps that IBM will develop exclusively for the iPhone and iPad.

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    …But Investors Shouldn't Get Too Excited

    …But Investors Shouldn't Get Too Excited

    Investors might want to wait for Apple to report its earnings results before they get too excited about this deal.

    Global Equities Research analyst Trip Chowdhry told Benzinga that he is concerned about the timing of the announcement.

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    Samsung Expected To Acquire SmartThings

    Samsung Expected To Acquire SmartThings

    Samsung is expected to acquire a growing firm in the smart home space.

    The deal isn't final, but the South Korean tech giant could spend as much as $200 million to acquire SmartThings.

    SmartThings was originally launched and funded on Kickstarter. The company has since raised more than $15 million from a smattering of investors.

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    Microsoft Announced Big Layoff Plans…

    Microsoft Announced Big Layoff Plans…

    A new CEO means a new Microsoft. Unfortunately, that also means that fewer people will get to work at the company.

    No one knows exactly who will be let go, but as many as 18,000 employees will be let go.

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    …But That Won't Stop The Company's Progress

    …But That Won't Stop The Company's Progress

    Ivan Feinseth, the Chief Investment Officer of Tigress Financial Partners, doesn't expect Microsoft's layoffs to slow the company's progress.

    Feinseth told Benzinga that he expects Microsoft to continue to be "aggressive to hit every market" that Apple is in -- which means more new stores.

    "It seems that what helps the Surface sell is the interactive experience with it," said Feinseth. "The fact that people see it in these high-traffic malls and high-traffic areas and play with it -- I think that's been the biggest sales driver."

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    JIBO, The First "Family Robot," Raised Big Money On Kickstarter

    JIBO, The First "Family Robot," Raised Big Money On Kickstarter

    Everyone wants a robot that can perform a wide variety of menial tasks. JIBO, a new family robot concept, desperately wants to be the device that will help consumers fulfill that dream.

    Unfortunately, Apple already beat JIBO to market -- by a full three years.

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    Alan Mulally Joined Google's Board

    Alan Mulally Joined Google's Board

    It didn't take long for Alan Mulally to find a new gig. The former Ford CEO has joined Google's board.

    Mulally will serve on Google's Audit Committee, but investors may wonder if he will also assist the company in building self-driving vehicles.

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    Amazon Unveiled Its Unlimited E-Book Strategy

    Amazon Unveiled Its Unlimited E-Book Strategy

    Amazon will now allow its customers to subscribe to a monthly e-book service.

    The $9.99 monthly fee is more expensive than Netflix, but Amazon makes up for that with a catalogue of 600,000 books. The Lord of the Rings and Harry Potter are among those that subscribers can read.

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