Demand for iPhone 6 Plus Exceeds Expectations
A new survey conducted by financial services company UBS (NYSE: UBS) shows that demand for the iPhone 6 Plus, the larger of the two new iPhone models, has been stronger than anticipated. Among consumers in the United States, the UK, China, and Italy who said they planned to buy an iPhone 6 within the next year, more planned to buy the iPhone 6 Plus than the smaller iPhone 6.
Analysts had previously expected that more than twice as many people would prefer the smaller phone. Higher sales of the larger phone would be good for Apple, raising its average price per sale, and ultimately raising revenue and earnings.
The popularity of Apple’s larger phone could signal trouble for its Android (NASDAQ: GOOG) competitors, who previously were able to attract users by offering phones larger than Apple’s. USB thinks that 19 percent of Samsung (OTC: SSNLF) could switch to the iPhone.
Apple Sued for Disappearing iMessages
A federal judge ruled that a lawsuit filed against Apple in May can now proceed. The lawsuit, which was filed by an individual and may turn into a class action, claims that Apple knew but did not inform users about the problems users had with missing iMessages after they switched from iPhones to non-Apple smartphones.
High-End U.S. Stores Sign Up to Accept Alibaba’s Payment System
To attract Chinese shoppers, U.S. retail chains, including Macy’s (NYSE: M), Saks Fifth Avenue, and Bergdorf Goodman, are signing up for Alipay, the digital-wallet payment system offered by Chinese powerhouse Alibaba (NYSE: BABA), for their ecommerce sites. This could be either good or bad news for Apple. On the one hand, Alipay could be a formidable competitor to Apple Pay. On the other hand, Alibaba’s Jack Ma and Apple’s Tim Cook have been discussing possibly forming a partnership between the two company’s payment systems.
iOS Vulnerability Discovered
On Monday, security firm FireEye (NASDAQ: FEYE) published details about a bug they found, which they called the “Masque Attack,” that allows fake apps to replace real apps and then perform harmful actions such as installing malware or accessing private information. The bug affects most iOS devices.
One instance of a Masque Attack had already been discovered earlier this month by firewall company Palo Alto Networks (NYSE: PANW). Dubbed “WireLurker,” it potentially affected hundreds of thousands of uses in China until Apple neutralized it.
Apple Insider is saying that users should be safe from Masque Attack as long as they don’t try to bypass Apple’s built-in security system or install apps that would do so.
Vanguard Information Technology ETF — VGT
To invest in AAPL while reducing the risk of single-stock investing, consider an ETF such as VGT, which currently holds 410 stocks, with AAPL as its largest holding.
By Diana Primavera, ETF Daily News