Weekly Highlights: Apple Inc. Watch Unveiled, iPhone 6 Dominates And More
There were other stories this week, but they're almost secondary compared to the Apple hype machine. This week -- more than any other -- was dominated by Apple.
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.
Apple Announced The iPhone 6, Apple Watch And Apple Pay
The Mac-maker's first wearable device was finally unveiled this week.
Known officially as the Apple Watch, the wristband is scheduled to ship early next year.
In the meantime, techies are going crazy for the iPhone 6 and iPhone 6 Plus, two larger smartphones that are designed to compete with the biggest phablets available.
Apple Pay is so important that it may have inspired Google to take action, as you'll see in the next slide.
Google And eBay: Together For $85 Billion?
Google was expected to pay $85 billion (or $68 a share) for the stake, which was vehemently denied by eBay.
Competitors Reacted To iPhone 6 Reveal
Three companies reacted strongly to the iPhone unveiling.
- Amazon (NASDAQ: AMZN) preempted the event by lowering the price of the Fire Phone to $0.99.
- Verizon (NYSE: VZ) offered a $200 gift card for old iPhone trade-ins.
- AT&T (NYSE: T) upped the offer with a $300 trade-in credit.
New Watch Proved 'Innovation Is Back' At Apple
Analysts were filled with praise for Apple's first smartwatch.
"I think that first and foremost, innovation is back at Apple after three years of pause," Global Equities Research analyst Trip Chowdhry told Benzinga. "Second, Apple Watch is groundbreaking."
IHS Associate Director Shane Walker also had some good things to say about the device.
"From what we've seen, it's definitely the most interesting smartwatch to date," he said. "That doesn't mean it's the most revolutionary, but they have done a good job of integrating a great deal of technology into a small space with an interest in user interface."
Apple Watch Could Outsell The Mac - Eventually
The once-popular iPod was eventually replaced by the iPad. Now it seems that another Apple staple could be surpassed -- though probably not replaced -- by a new device.
"It's gonna probably be Apple's third or fourth-most successful product," Sean Udall, CIO of Quantum Trading Strategies and author of The TechStrat Report, told Benzinga. "Will the watch be a bigger revenue-generator than Macs? In the first year, hard to say. But once you get a full year, my guess is the watch probably becomes a bigger revenue-generator than Macs."
Global Equities Research analyst Trip Chowdhry agreed with this assessment.
"It could sell more than a Mac," Chowdhry told Benzinga. "How many users are there for the Mac? Best-case scenario: 100 million. They will probably sell more than 100 million of these watches."
More Stories You Can't Miss
The preceding slideshow was just the beginning. Check out these other hot stories right here on Benzinga.
- How Much Will The iPhone 6 Cost?
- iPhone 6 Demand Sets New Record
- Apple's Improved Upgrade Cycle Could Drive iPhone Sales
- iPhone 6 Image Leak: Real Or Fake?