Weekly Highlights: iPhone 6 Released, Larry Ellison Stepped Down, Microsoft Bought Mojang And More
Apple Inc. (NASDAQ: AAPL) finally released the long-awaited iPhone 6 this week.
Oracle Corporation's (NYSE: ORCL) co-founder and CEO announced his succession plan.
Microsoft Coporation (NASDAQ: MSFT) officially announced its acquisition of Mojang, the maker of “Minecraft.”
LG Display (NYSE: LPL) is expected supply the AMOLED panels for Apple's upcoming smartwatch.
And Klipfolio hired a former IBM (NYSE: IBM) exec to lead its marketing efforts.
Disclosure: At the time of this writing, Louis Bedigian had no position in the equities mentioned in this slideshow.
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Apple Released The iPhone 6
The most anticipated phone of the year is finally here.
Apple released the iPhone 6 and iPhone 6 Plus after setting a new record for preorders. Both devices feature larger screens, faster processors and other enhancements over the previous iPhones.
The new handsets were shipped to retailers in the United States, United Kingdom, Australia, Canada, France, Germany, Hong Kong, Japan, Puerto Rico and Singapore. Both iPhones will arrive in 20 additional markets on September 26.
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Larry Ellison No Longer Leading Oracle
Oracle announced that its co-founder and CEO, Larry Ellison, will leave his post as chief executive.
Ellison will stay on board as the company’s chairman, while Mark Hurd and Safra Catz will serve as the company’s new co-CEOs.
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Microsoft Acquired ‘Minecraft’ Maker Mojang
Microsoft is now the proud owner of Mojang, the developer that became famous after launching the hugely popular “Minecraft.”
The $2.5 billion deal allows Microsoft to profit from future “Minecraft” sales, but there could be other ways for the Windows maker to monetize the game.
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LG Display Might Have Secured New Apple Watch Contract
LG Display has reportedly inked a deal to supply Apple with AMOLED panels for the company's long-awaited smartwatch.
The company is expected to ship five million panels per month in 2015, allowing Apple to achieve its reported goal of selling 50 million watches in 2015.
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Klipfolio Gained Some IBM-Sized Talent
Klipfolio announced this week that it had appointed former IBM (NYSE: IBM) executive Mychelle Mollot as its chief marketing officer.
"I decided after working in mid-sized companies -- and then extremely mega-sized companies like IBM -- I wanted to round out my career by doing a startup," Mollot told Benzinga.
"Once I left, I started looking more aggressively, and Klipfolio and I came to an agreement, and I joined in September."
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More Stories You Can't Miss
The preceding slideshow was just the beginning. Check out these other hot stories right here on Benzinga.
- iPhone 6 Demand Sets New Record
- How Much Will The iPhone 6 Cost?
- Apple's Improved Upgrade Cycle Could Drive iPhone Sales
- iPhone 6 Image Leak: Real Or Fake?
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