Weekly Highlights: Apple's New iPads, HBO Go Without Cable And More
Apple Inc. (NASDAQ: AAPL) received a ton of attention this week after hyping its long-awaited October event, but the final results were not as exciting as the firm's massive September press conference.
In September, Apple introduced the iPhone 6, iPhone 6 Plus and the previously rumored Apple Watch. The company also unveiled its mobile payment solution, Apple Pay.
The October event was a tad more predictable. Apple upgraded the iPad Air, iPad Mini, Mac Mini and introduced a new version of the iMac.
Elsewhere in tech news, Time Warner Inc (NYSE: TWX) announced that HBO Go will be available without cable in 2015.
Mark Cuban shared his belief that Netflix, Inc. (NASDAQ: NFLX) is a takeover target. Unfortunately, the company's value could continue to drop over the next few months.
Apple might have pre-sold a colossal number of iPhones in China.
And Google Inc (NASDAQ: GOOG) revealed new details about its delivery service.
Disclosure: At the time of this writing, Louis Bedigian had no position in the equities mentioned in this slideshow.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Apple Event Came And Went Without Any Surprises
It’s hard to surprise analysts at every turn. After the impressive array of products unveiled in September, Apple was unable to impress the masses.
"No real major breakthroughs [at today's event]," Rob Enderle, principal analyst at Enderle Group, told Benzinga. "Because they had the leak earlier this week, pretty much everything they announced was expected."
Sean Udall, CIO of Quantum Trading Strategies and author of The TechStrat Report, told Benzinga that he didn’t expect any fireworks from the event.
“[But] I think Touch ID is a big deal,”he said. “Everybody underestimated it on the iPhone 5S."
…But The Company Still Sold A Ton Of iPhones
Current iPhone sales will arrive on October 20 when Apple reports its latest earnings results. Looking forward, it seems that the December quarter is going to be quite good for Apple.
The Cupertino, California-based tech giant has reportedly pre-sold 20 million iPhones in China. If true, Apple would set a new sales record in the nation -- and likely set an overall sales record for the quarter.
HBO Go Will Go Solo In 2015
After years of anticipation for a cable-free HBO, Time Warner announced that HBO Go will be available without a cable subscription in 2015.
"This is a monumental announcement," Patrick Moorhead, president and principal analyst at Moor Insights & Strategy, told Benzinga.
"This is the first time that a big-time content service has unbundled. The content companies for the first time are bypassing the cable companies. It's what users want."
Google Ups The Ante On Special Delivery
Amazon Prime and Amazon Fresh aren’t going anywhere, but Google hopes to get a piece of the market with Google Express. Fortunately for Amazon, analysts don’t think it will pose much of a threat.
"I don't know if I'd say [it's a] real threat, at least not today," Needham analyst Kerry Rice told Benzinga.
"It's kind of like people searching on Amazon instead of Google. People aren't going to use Amazon to search for everything and Amazon doesn't index the Web. But if you're looking to buy a product, you might go to Amazon."
Patrick Moorhead, president and principal analyst at Moor Insights & Strategy, doesn’t understand why Google cares about the delivery space.
“This seems to be more on the fringe than self-driving cars, honestly,” Moorhead told Benzinga. “I think a flat fee is the right way to go, a la [Amazon] Prime. I do think that's a good move in the context of it, but strategically I just don't get it.”
Mark Cuban Thinks Netflix Could Be Acquired
In The Meantime, Netflix Shares Might Decline
This might seem like a buying opportunity, but some analysts warn that Netflix could have a tough road ahead.
"[It's possible] that in Europe the population of subscribers to Netflix is not as large as people thought because Europeans are [Virtual Private Networking] the U.S. Netflix," Albert Fried & Company analyst Rich Tullo (who is short Netflix) told Benzinga.
"They're using VPN technology to get into U.S. Netflix."
Tullo expects Netflix to drop to $250 or $260 within the next few months.
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