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.
Yahoo! Inc. (NASDAQ: YHOO) and Microsoft Corporation (NASDAQ: MSFT) are reportedly interested in becoming the default search engine in Safari.
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.
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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 think it's a terrible idea," Brett Golden, president and co-founder of The Chart Lab, told Benzinga.
"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."
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Apple Could Face A Full Year Of iPad Declines
The iPhone 6 and 6 Plus are a runaway success for Apple. Unfortunately, the same cannot be said for the newest iPad.
This is the first year that Apple is expected to endure a full 12 months of declining iPad sales.
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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."
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Microsoft And Yahoo Want To Power Safari's Search By Default
Yahoo, which replaced Google as the default search engine in Firefox, is now rumored to be fighting for a similar deal in Safari.
Microsoft also wants Bing to become the default search engine.
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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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