August came to a close with a highly anticipated event announcement and a social media milestone.
Apple Confirmed Its September 9 Event, Teased Siri Announcement
Apple Inc. (NASDAQ: AAPL) confirmed its event this week when it began to send out invitations for the September 9 extravaganza. As always, the invitation was light on words, but it did offer up one notable tagline:
"Hey Siri, give us a hint."
"That was just a play in with Siri," FBR Capital Markets analyst Daniel Ives told Benzinga.
Apple expert Sean Udall wondered why Apple would mention Siri without any plans to talk about it at the conference.
"Why would they promote Siri [and] call it out especially?" Udall questioned.
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Facebook's Newest Milestone Is The Real Deal
For the first time in history, one billion people used Facebook Inc (NASDAQ: FB) in 24 hours.
Contrary to what some analysts assumed, that milestone was not reached by combining the total daily users from Facebook, Instagram and WhatsApp. That number referred entirely to Facebook's total users for the day.
Nonetheless, Patrick Moorhead (president and principal analyst at Moor Insights & Strategy) told Benzinga that he thinks Facebook's milestone is only sustainable "with the additions of WhatsApp and Instagram."
"WhatsApp caters to emerging regions and Instagram caters to kids and millennials, the populations to either not use Facebook.com or are looking for the next, new brand and experience," said Moorhead.
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Avago Technologies Attempted To Ride The Apple Supplier Wave
Global Equities Research analyst Trip Chowdhry thinks investors may have "overcorrected" Avago Technologies Ltd (NASDAQ: AVGO).
"It seems like the pessimism that investors may have felt on Apple and its suppliers is not that serious at all," Chowdhry told Benzinga. "If you look at Avago, they just missed [sales], it's not that serious. The impact from China is less severe than many people have been assuming. I think. Based on the numbers Avago put in, it could recover the decline in value."
Is The Media Wrong About Netflix's International Exposure?
Albert Fried & Company Director of Research Rich Tullo thinks the media is wrong about Netflix, Inc. (NASDAQ: NFLX). One of his primary concerns is growth. He said the company has already surpassed roughly 60 percent of global broadband houses, which means Netflix may not have as much room to grow as investors expect.
Tullo is also concerned about the price discrepancies for Netflix in various regions.