Tuesday, 13 August 2013

Apple to Launch Next Generation of iPhone Next Month

According to a report from All Things D, technology giant Apple Inc. (NASDAQ: AAPL) is expected to launch its next-generation iPhone on September 10. The report was also confirmed by USA Today. However, a spokeswoman for Apple denied the report, saying the company does not comment on rumors. The next generation iPhone from Apple will be keenly watched as the Cupertino, California-based company has been facing increasing competition from Samsung lately.

 Apple shares, which struck an all-time high of $705.07 in September last year, have struggled since last October. It will be interesting to see if the next generation iPhone can give the company’s shares a boost. Apple is not the only smartphone maker in news today.

BlackBerry Ltd. (NASDAQ: BBRY) is also expected to remain in focus today after the struggling company said that it has set up committee to look at its strategic options, which include a possible sale. BBRY once dominated the smartphone market; however, in the last three years the company has struggled to compete against the likes of iPhone and Android-operated phones. Reports of BBRY considering a possible sale first appeared on Friday, following which the stock surged more than 9%.

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