Apple (AAPL) has a lot riding on its upcoming fall product releases. Both a new iPhone and smart watch will likely be announced in the coming months; specifically, Apple will address release specs for the iPhone 6 on September 9th. In the week prior, I outlined what consumers should, logically, expect from the highly anticipated iPhone 6 launch.
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Is Blackberry Back?
In the span of about five years, BlackBerry (BBRY) rose to the peak of the US mobile phone market and then crashed to the bottom. Before 2011, BlackBerry held a larger percentage of the global market share for mobile phones than both Apple (AAPL) and Google (GOOG). In fact, for FY 2009, BlackBerry held 50% of the global market share for smartphones.
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Amazon Fires Back
In a highly anticipated move, Amazon (AMZN) announced the release of its Fire smartphone on Wednesday. With a platform customized around Google’s (GOOG) Android operating system, Fire is a competitive high-end market offering. However, without features that truly differentiate it from other smartphones, it is doubtful that Fire will initially gain the traction necessary to be competitive in an already crowded smartphone market.
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Arista Networks IPO
Last Friday, June 6, 2014, cloud-networking company, Arista Networks (ANET), made its public debut on the New York Stock Exchange (NYSE). The company’s shares were initially priced at $43. Although Cisco (CSCO), IBM, and Microsoft (MSFT) have dominated the networking market for the past two decades, Arista may finally present a credible challenge to these tech behemoths. Investors showed optimism in Arista’s future, as shares hit $59.72 in the first week of its IPO and now sit at roughly $65.
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The Internet Of Everything
Last week, tech giant Cisco (CSCO) beat quarterly revenue estimates by $120 million and beat earnings guidance by $.03. Cisco issued its results in the late hours of May 14th, prompting an after-hours trading surge of Cisco stock. After closing at around $22.80 per share, Cisco opened on May 15th at over $24 and is now priced at $24.82. Additionally, Deutsche Bank upgraded Cisco to a “buy” rating, with a price target of $30.
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The $50 Billion Acquisition
Last week, AT&T (T), the second largest wireless provider in America, announced its intent to purchase satellite television provider DirecTV (DTV) for $50 Billion. The takeover will allow AT&T to bundle more television, mobile, and Internet plans while improving the quality of its overall services. By acquiring DirecTV, AT&T will now serve more than 26 million video users in the United States.
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Sprint, Your New BFF
Wireless telecommunications provider Sprint (S) aims to expand its share of the cellular services market by acquiring T-Mobile (TMUS), the fourth largest cell carrier in America. This move would not only cement Sprint’s position as the third largest American carrier, but would also increase its mobile spectrum, allowing Sprint to better compete with Verizon (VZ) and AT&T (T), the top two American market leaders.
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