Will Apple Inc. (AAPL) Unveil The iWatch On Sept. 9?

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August 29, 2014 12:32pm NASDAQ:QQQ NYSE:PWV

apple stock watchApple Inc. (NASDAQ:AAPL) beat the market this week, rising 1.55 percent from Wednesday, August 20, to Wednesday, August 27. The Dow, S&P 500, and NASDAQ were all in positive territory for the time period, but lagged behind AAPL


by a range of about one-half to three-quarters of a percentage point.

iWatch Coming in Less Than Two Weeks?

The big rumor of the week is that Apple will unveil the long-awaited iWatch on Sept. 9, which is the date when almost everyone expects Apple to unveil the iPhone 6.

The rumor hit the Internet yesterday (Wednesday) on the Re/Code site, which has a pretty good track record of passing on Apple rumors that turn out to be accurate.

If the rumor turns out to be true, then the iWatch will debut earlier than expected. Previous rumors had pegged October as the most likely release date.

There is no official word from Apple, which hasn’t even publicly acknowledge that it is working on an iWatch, much less saying anything about when it will be ready.

Re/Code and many other observers expect the iWatch will have exciting capabilities for tracking users’ health and fitness data.

Samsung and LG Also Have Smart Watches Coming Out Soon

This morning, Business Insider wrote that Samsung (PNK: SSNLF) and LG (KRX: 066570) reacted to yesterday’s rumor of a Sept. 9 iWatch release date by rushing to issue announcements of their own soon-to-be-released smart watches.

Rumors of iPhone 6 Colors

French site leaked photos of various parts of the iPhone 6, sparking rumors that the new phone will be available in gold, silver, and gray, the same as the iPhone 5S, or in gold, silver, and black.

iPad Rumors

Although much of the excitement, anticipation, and rumors this week swirled around the iWatch and iPhone 6, the iPad was not left out completely. Rumors emerged that Apple will release a larger, 12.9-inch version of the iPad early in 2015.

Court Denies Apple’s Request to Ban Samsung Sales

Apple and Samsung have been involved in a long series of patent suits. In the latest news, Apple requested that a court ban the sales of older Samsung phones, including the Galaxy S3, that had previously been found to infringe Apple’s patents. This week, a judge turned down the request, saying that Apple had already received enough payment for the infringement.

The two rivals have agreed to settle all their patent suits that had been brought in courts outside of the United States, but litigation within the U.S. continues.

PowerShares Dynamic Large Cap Value Portfolio — PWV

If you want to invest in AAPL, but also spread your risk among a larger portfolio of stocks, consider the exchange traded fund PWV. The fund currently invests in 50 large-cap stocks, with 72 percent of its portfolio in value stocks. AAPL is the funds’ second-largest holding, comprising 3.61 percent of its portfolio, following Intel (NASDAQ: INTC), which constitutes 4.07 percent of the fund.

By Diana Primavera, ETF Daily News


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