Weekly Highlights: Apple Inc. iWatch Could Skip iPhone 6 Event, iCloud Hacking Not A Problem And More
Apple Inc. (NASDAQ: AAPL) is on the cusp of its biggest week.
On September 9, the company will hold a press event to unveil at least one new product or service. It is not yet known exactly what Apple will introduce, but many expect the iPhone 6 to be the highlight of the event.
Until then, Apple rumors may continue to dominate the headlines. This week the rumors involved the iWatch (which might skip the upcoming event).
At the same time, analysts and security experts shared their thoughts on the iCloud hacking controversy.
Elsewhere in technology news, handset makers -- including Amazon (NASDAQ: AMZN) -- have reportedly ordered fewer units than expected. Worse yet, Microsoft (NASDAQ: MSFT) could reduce its orders for Lumia-branded Windows Phones.
Lastly, Progressive Insurance (NYSE: PGR) teamed up with a startup to reward safe drivers.
Disclosure: At the time of this writing, Louis Bedigian had no position in the equities mentioned in this slideshow.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
iWatch Might Skip iPhone 6 Event
Apple might actually wait until 2015 to unveil the company's first smartwatch, which is reportedly still undergoing engineering verification testing.
iCloud Hacking Won't Hurt iPhone 6 Event
Apple investors can rest easy knowing that the iCloud controversy is unlikely to interfere with the company's upcoming press event.
Benzinga reached out to numerous experts (including those who specialize in security) and none of them seemed overly worried about Apple's future.
"I honestly think that it will blow over rather quickly," said Brett Golden, president and co-founder of The Chart Lab.
Things Aren't Looking Good For Amazon's Fire Phone…
Facebook was also mentioned in the report, which is interesting because the company is not a smartphone manufacturer.
To make matters worse, Microsoft could reduce its orders for Lumia-based Windows Phones.
…But Things Are Looking Good For Phablets
Phablets may never outsell their smaller counterparts, but Apple is still expected to release a larger iPhone this fall.
IDC's latest report might explain why.
According to the report, phablet shipments will reach 175 million units in 2014, outpacing laptops by five million units.
In 2015, phablet manufacturers may collectively ship 318 million units to retail. By comparison, only 233 million tablets are expected to be shipped next year.
Apple And Gaming: A Match Made In Heaven?
After tackling smartwatches and television sets, Apple will need another new product category to go after. Could it be video games?
Sean Udall, the CIO of Quantum Trading Strategies, thinks that the answer is yes.
"An obvious area that Apple could probably come in and disrupt massively -- and I mean massively -- is probably gaming," Udall, who authors The TechStrat Report, told Benzinga.
"Think of a Kinect on steroids," he said of an Apple game machine. "You could have a completely touch-less gaming environment. That would be very interesting."
Not everyone is convinced that Apple should head in this direction, however.
"I don't see gaming," tech industry expert Jeff Kagan told Benzinga. "I see the devices. But the devices are continuing to grow and they're continuing to be more important to more people in more ways."
Brett Golden, president and co-founder of The Chart Lab, thinks that Apple should focus on other things.
"I think there's much better, more exciting markets to go after than the gaming industry," Golden, whose company provides quantitative advice solutions for retail and institutional investors, told Benzinga.
Zubie And Progressive Team Up
"The Progressive partnership is really powerful and really interesting," Tim Kelly, CEO of Zubie, told Benzinga.
"Progressive has been the market leader in the insurance category in using usage-based information to help rate policies. Because our Zubie customers are out driving everyday, we are able to capture the same type of information in our cloud that Progressive uses for underwriting purposes in its Snapshot program."
More Stories You Can't Miss
The preceding slideshow was just the beginning. Check out these other hot stories right here on Benzinga.
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