Is iPhone maker Apple Inc. going to launch new audio tech? |Kalkine Market Update NZ|

Apple is expected to launch two new products by the end of this year, according to media reports: an adaptation of the famous HomePod and the first over-ear high-quality headphones with Apple signature. Apple will hold a new event on 13 October, where the Company is expected to show what it has in the original production. After iPhone sales did not go as planned, the novel products should boost Apple’s popularity and make the last financial quarter more successful for the tech giant.

* Tower Limited Estimates $ 5-7 Million In Insurance Claims Due To Lake Ōhau Fire  In one of the biggest ever wildfires in the country, the Lake Ōhau fire shall have a significant impact on Tower Limited’s (NZX: TWR) financials for FY21 and is estimated to be around $5-$7 million before tax. The estimate is based on the 5 total loss and 4 partial loss claims received by the company so far.  

* New Zealand Oil & Gas Announces Ocean Apex Handover To The Ironbark JV New Zealand Oil & Gas Limited (NZX: NZO) has today stated that the Ocean Apex rig has concluded its Woodside operations were handed over to BP (the Operator) for the drilling of the Ironbark-1 well. Chief executive Andrew Jefferies confirms that the next step involves moving to the well site, anchoring, and executing handover activities, and it should take around ten days. NZO shall announce when the drilling process begins, he added.

* Participants in WA-359-P include - Beach Energy Limited (21%), BP Developments Australia Pty Ltd (Operator, 42.5%), NZOG (Ironbark) Pty Ltd (15%), and Cue Exploration Pty Ltd (21.5%).

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