Weekly Highlights: iPad Sales Decline, BlackBerry Pays $550 For iPhones And More
The final week of November is often one of the slowest of the year, but there were a few noteworthy stories ahead of Thanksgiving.
For starters, BlackBerry Ltd (NASDAQ: BBRY) offered big money for iPhone trade-ins.
Amazon.com, Inc. (NASDAQ: AMZN) was rumored to be close to another M&A deal -- this time with a little-known fashion retailer.
Apple Inc. (NASDAQ: AAPL) endured a full year of declining tablet sales.
And last but not least, Apple is expected to sell between 60 and 70 million iPhones during the December quarter.
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.
BlackBerry Offers Big Bucks For Used iPhones
BlackBerry really wants consumers to dump their iPhones and pick up a Passport.
The company launched a new campaign this week to ease the transition, which includes a trade-in offer worth as much as $550.
"I don't think it will work at all. I just don't think anybody cares about that money. If I don't like the [new] product and I like an existing product, I'm not going to switch just for the money."Image Source: Wikimedia Commons
Apple Could Face A Full Year Of iPad Declines
Amazon Rumored To Buy Unknown Retailer
Amazon surprised investors this week when a rumor claimed the company was interested in acquiring Jabong.com, a little-known fashion retailer.
"Clearly they're trying to boost their apparel offerings and this facilitates that," Monness Crespi Hardt analyst James Cakmak told Benzinga.
"Apparel is a large category. It's still quite under penetrated by Amazon. They have the MyHabit platform to tackle the fashion vertical. This would certainly serve as complementary to that. But I think the purchase price would have to be justified through a better understanding of the company's financials, which I don't know. [And] $1.2 billion is a pretty big figure."Image Source: Wikimedia Commons
Microsoft And Yahoo Want To Power Safari's Search By Default
Apple Could Sell Record-Breaking Number Of iPhones This Christmas
Will the iPhone 6 and 6 Plus help Apple break another record?
KGI Research analyst Ming-Chi Kuo thinks the company will sell 71 million iPhones.
"Apple might have trouble building 71 million iPhones in a quarter," Sean Udall, CIO of Quantum Trading Strategies and author of The TechStrat Report, told Benzinga.
"If I had to guess, I would say Apple easily does 25 percent above prior year. That would get me to about 63.7 million iPhones."Image Source: Wikimedia Commons
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