Apple Inc. iPhone 6s and 6s Plus will hit retail store shelves this Friday. Expect launch day crowds to be much bigger than usual this year. Apple’s new iPhone Upgrade Program is for now restricted to only in-store sales. Customers can book an iPhone 6s and 6s Plus through the tech giant’s site. But they will have to come down to an Apple Store for eligibility and payment processing.
Apple Pre-Order Shipments in Transit
Most initial order customers have already begun receiving info from Apple Inc. and wireless firms that their devices are now in transit. A number of customers have also received emails with tracking info for their shipment.
The shipping date specified is September 25. As such, logistics providers have most likely started collecting stock in ware houses before they begin the shipments on Friday.
As of Sunday, Apple Inc. ‘s U.S. website indicates stable supply of almost every iPhone 6s SKU. However, there is a three week waiting period for the new rose gold model. iPhone 6s Plus supply is more limited. All colors and memory sizes are have estimated shipment times of up to four weeks. Some other launch countries are also seeing similar constraints.
Apple Inc. shares closed on Friday at $113.45.
BlackBerry Earnings in Focus
BlackBerry Ltd earnings on Friday will be another key event on Wall Street radar. The consensus forecast is for a fiscal second quarter net loss of $0.05 a share. That compares to a $0.02 a share loss in the year ago period. Sales for the three months ending August 31 is projected to fall to $611.67 million from $916.00 million a year earlier.
BlackBerry Ltd ’s focus has been on turning around the firm by generating stable sales. Revenue was witnessing wide fluctuations on a Q-O-Q and Y-O-Y basis until a couple of quarters ago.
During the first quarter, the firm’s earnings and sales both fell below Wall Street estimates. That was largely due to investments in software development that dragged down profit. For the second quarter, investor attention will be put on what the firm does with its portfolio of patents, and growth in software.
If the first quarter results were any indication, the monetization of patents is important for any second quarter improvement. BlackBerry has approximately 44,000 patents. CEO John Chen has repeatedly indicated that utilizing the huge portfolio of patents is crucial for any meaningful turnaround to materialize.
First quarter results benefited from the licensing sales generated from Cisco Systems, Inc. . Further such licensing will provide the much needed momentum to revenue growth.
Shares of BlackBerry Ltd closed Friday NASDAQ trading at $7.50.