Weekly Highlights: Ford's iPhone Deal, Facebook Outage And More
Apple (NASDAQ: AAPL) had a good week, but it didn't include any product announcements.
It did, however, enjoy a new sale from Ford (NYSE: F).
Facebook's (NASDAQ: FB) week did not go nearly as well. The social network unveiled a new app, which is always interesting. Unfortunately, a massive outage took center stage as consumers scrambled to exist without their favorite social network.
Electronic Arts (NASDAQ: EA) introduced a new online game service, but Wedbush doubts that it will have a meaningful impact on sales.
iMakr opened the world's largest 3D printing store in New York.
Finally, Nintendo may hold off on releasing a new console in 2017 -- even Wii U sales don't rebound.
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.
Ford Expected To Buy 9,300 iPhones
Facebook Went Down Again
MacBook Pro Got A Little Cheaper
Apple quietly adjusted the price of its old MacBook Pro this week.
The standard (non-Retina) model now sells for $1,099. The specs haven't changed since 2012, and Apple has given no indication that it intends to upgrade this model or release another non-Retina laptop. Thus, this is likely the closeout price designed to get rid of old MacBook Pros that have yet to be sold.
Nintendo Unlikely To Launch New Hardware Before 2018
Could Nintendo dump its ailing Wii U console and replace it with a newer, more attractive machine?
History shows that console manufacturers tend to move away from failed devices. At the very least they don't extend the console's life beyond the old five-year cycle.
Unfortunately, Juniper Research does not believe that Nintendo will release a new console in 2017 -- five years after Wii U's arrival. Instead, consumers may have to wait until 2018 or 2019 to play the next Nintendo console.
Thinknum Raised $1 Million
Not long ago, Thinknum was a two-man startup that was operated out of a home office. Now it is picking up steam and just raised $1 million.
"We're currently part of a 500 Startups accelerator here in Mountain View, but we're going back to New York in August to open our New York City office," Thinknum co-founder Justin Zhen told Benzinga.
Massive 3D Printing Store Invaded New York
The world's largest 3D printing store just opened in New York.
Built by iMakr -- a startup that specializes in selling 3D printers, materials, 3D art and 3D scanners -- the new store gives consumers the chance to see and touch these expensive items before making a purchase.
"Most people are not willing to spend one to three thousand dollars for something they can only view online," Sylvain Preumont, CEO of iMakr, told Benzinga.
Facebook Announced Another Familiar Feature
How many features can one social network borrow from it competitors?
There may be no answer to that question if Facebook continues to draw inspiration from others within the industry.
Facebook's latest target is Snapchat. The company failed to successfully acquire Snapchat last fall, so it has decided to release another app to take its place.
EA Launched A New Online Service
Electronic Arts announced a new online game service this week.
Currently exclusive to Xbox One, the service allows users to download and play a small number of EA games for $5 per month or $30 for the whole year.
"[It's] pretty much a non-event," Wedbush analyst Michael Pachter told Benzinga. "Very limited offering (only EA games, only on Xbox One, mostly one year old), albeit at an inexpensive price. I don't see EA offering this if it impacts sales of games. If it doesn't impact, then the value isn't that great for the consumer."
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