June 16, 2012
Apple (Nasdaq: AAPL ) owned the week. The world's most valuable tech company staged its WWDC 12 developer powwow all week long, giving the company the stage to mesmerize fans and skeptics alike.
Dreamers hoping for shiny new iPhone 5 devices or full-blown HDTVs may have walked away disappointed, but consumers were generally gushing about the new Macs and MacBooks that were introduced.
There were also juicy details behind the upcoming iOS 6 update that will introduce new features including a passport folder to store virtual event tickets and coupons, turn-by-turn navigation, and the long-awaited perk of being able to engage in FaceTime video chats over cellular networks.
Apple did what it had to do, and now it'll let another company hog the next week.
Briefly in the news
And now let's take a quick look at some of the other stories that shaped our week.
- Sirius XM Radio (Nasdaq: SIRI ) is increasing its reach to dormant receivers. The satellite-radio giant is striking a deal with auto retailer Penske to offer used cars that have factory-installed Sirius or XM receivers three free months of service. Secondhand ears are as good as, if not better than, new ones.
- In a quiet week for earnings reports, Majesco (Nasdaq: COOL ) posted mixed results. The current quarter may also be ho-hum, but the video-game publisher has a busy slate of releases planned for the following quarter.
- Lazard Capital initiated coverage of Tesla Motors (Nasdaq: TSLA ) with a "buy" rating. It seems as if Wall Street wants to line up on the bullish side of the electric-car maker ahead of Friday's rollout of the promising Model S sedan.
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