Editors' pick: Originally published Sept. 15.

When Apple (AAPL - Get Report) introduced its new iPhone 7 and 7 Plus, it did so with what many techies, consumers and investors had expected: no headphone jack. 

And although it decided to ship the device with a lightning port to serve as a charging port to the headphone adapter, its bigger initiative was to do away with wires. Apple wants users to get away from the old and in with the new, similar to what it did with disk drives and the mouse. 

But what about losing a headphone? 

Currently, most users wear headphones that are either very large, or connected together via a cord. Without the cord, consumers are worried about losing them. Perhaps even more concerning is the fact that Apple's AirPod headphones are $159. That's a big price to pay for convenience. 

Apple CEO Tim Cook, however, looked to ease worries over the device when he appeared on ABC's "Good Morning America." He stated:

"I've been on treadmills, walking, doing all the things you normally do...You know how you walk around with the earbuds and they're constantly getting caught on something? You never have that problem."

Given that consumers tend to be big buyers of Apple products, and especially headed into the holidays, it wouldn't be surprising to see a strong showing for the device. Impressively, cell phone carriers are seeing immense demand for the new iPhone models as well. 

Shares of Apple closed at $111.77 Wednesday, up 3.5%. 


Earlier this month, one of SpaceX's rockets exploded on the launch pad. Tesla (TSLA - Get Report) CEO, SolarCity (SCTY) chairman and SpaceX CEO and CTO Elon Musk told the public that the explosion remains the most perplexing issue the company has faced in this regard. Musk even asked the public for its help. 

While the company may not have solved the mystery behind the explosion, that's not stopping them from forging forward. SpaceX is planning for its next launch in November. 

However, according to people familiar with the situation, the company may face a delay with the launch depending on how long it takes to find the source behind the latest explosion.  

Should they find the source, SpaceX will be able to press on as usual. 

Shares of Tesla closed at $196.41 Wednesday, up 0.2%. 


Yahoo!'s (YHOO) core assets are being acquired by Verizon (VZ - Get Report) , which was concluded following a long and drawn out bidding process that involved a number of suitors. 

In the end, Verizon, which bought AOL in the previous year, will add bits and pieces of Yahoo to its arsenal. However, Yahoo owned other valuable assets too, most notably, a large stake in Alibaba (BABA - Get Report) . 

Many have speculated that Alibaba could buy the remaining stake, as a way to create shareholder value. However, the company says it will not do that because it would face a large tax bill by doing so.

"If there was an easy tax solution, someone would have figured it out already," said Joseph Tsai, Alibaba's executive vice chairman. It appears that, most likely, the shares will continue to trade in Yahoo's name and track that of Alibaba relatively closely. It's worth noting that it also has a stake in Yahoo! Japan, which is trading in Tokyo. So that too will have an impact. 

Shares of Alibaba closed at $102.40 Wednesday, up 2.1%.

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.