This week: Apple iPhone 7’s impact on stock performance, Android’s tool revamp, and the need for banks to invest in mobile apps.
Apple iPhone 7: Killer Device or Killer Flop?
With smartphone demand weakening, Wall Street pundits predict lower prices for Apple stock due to a lack of innovation in its new iPhone 7. But not everyone agrees. iPhone 7’s dual-lens camera gives users more control over their photography along with the ability to create their own virtual reality (VR) content. This innovation, currently only available on the iPhone 7s, could possibly spur demand and an increase in stock price.
Read more about Apple and the new iPhone 7 at Seeking Alpha.
Apple Shortens Review Time for App Store Submissions
In an effort to keep developers loyal to their brand, Apple has announced it is cutting its approval time for new submissions to the App Store from an average of 9 days down to 2. This will help developers get bug fixes out faster and be more responsive to market changes
Android is Revamping Its Tools
The big news from Google I/O this week is that Google is redesigning many of the fundamental systems of Android N, including improved graphic performance, improved runtime, and new security features. Google also announced the introduction of Daydream—a VR specification that guarantees no lag between head and image movement.
Read more about Android’s tool updates from SD Times.
Banking and Apps: Publish or Perish
In the past, consumers have selected banks based on location. But now, Millennials and Gen Xers are including the bank’s mobile app experience when choosing an institution. Banks that either can’t or won’t invest in their apps and ease of use risk losing customers to other banks, including a growing number of mobile-only options.
Read more about the need for banks to invest in their mobile experience from Mobile Commerce Daily.
Apple Watch Sales Drop Significantly
Sales of Apple Watch in the first quarter fell 63% from last year’s fourth quarter. While the Apple Watch is the best-selling smartwatch in the world, Fitbit and Xiaomi are outselling it in the area of simpler wearables.
Read more about the drop in Apple Watch sales at Business Insider.