Tech Industry

Following Apple’s earnings results last night, where it posted its first YOY quarterly revenue decline since 2003, AAPL has opened down more than 8% — the stock price is far below the $100 mark as morning trading begins. Apple reported revenue of $50 billion (compared against $58 billion in the year-ago quarter), on sales of 51.1 million iPhones, 10.2 million iPads and 4 million Macs.

The stock price fall means over 40 billion dollars of market cap value has been erased overnight. Market capitalization is the approximate value of the company, a multiple of the stock price and number of shares. The stock closed yesterday at $104.

Expand
Expanding
Close

Apple is widely rumored to be dropping the 3.5 mm headphone jack from the iPhone 7, instead favouring wireless Bluetooth or the Lightning port for connecting headphones. Intel is also keen to eliminate the 100 year old 3.5 mm jack, citing ‘industry singling a strong desire to move from analog to digital’ (via AnandTech).

However, Intel is pushing USB-C as the future of headphone audio cables. Intel believes USB-C will win out over 3.5mm as it has many modern-day benefits including the potential to add additional smart features to headphones in the future, that can pass data down the same USB-C cable.

Expand
Expanding
Close

Having already released its first iPhone game Miitomo, a bespoke social networking game, Nintendo is now teasing the next round of games headed to the iPhone and iOS devices. Notably, unlike Miitomo, these are going to be versions of existing successful Nintendo franchises: Animal Crossing and Fire Emblem.

Although Animal Crossing is not quite on the same podium as Super Mario, it is still major first-party intellectual property for Nintendo to release on non-Nintendo consoles for the first time. The new smartphone and tablet titles are expected to be released later this year, around October.

Expand
Expanding
Close

Alongside its announcement of Apple’s quarterly earnings, its first revenue decline since 2003, Apple has also announced latest numbers for Apple Music, its $9.99 per month streaming music service. The company says it now has 13 million paying subscribers, up from 11 million in February.

This compares to about 30 million subscribers to leading competitor Spotify, although the service obviously had a multi-year headstart over Apple’s streaming service, which launched last June.

Expand
Expanding
Close

Dropbox is today announcing a new upcoming feature of its platform, codenamed Project Infinite. When Infinite rolls out, you’ll be able to see all your files and folders stored on Dropbox in the Finder, but they won’t take up any space until they are needed. The company is currently targeting the feature at business users.

This means your Dropbox storage can be far larger in total size than your local disk (as is common with modern setups of 1 TB Dropbox tiers and small SSDs) with on-demand instantaneous access to any file at any time over the Internet …

Expand
Expanding
Close

Later today, at about 4.30 PM ET, Apple will announce its financial earnings results for fiscal Q2, including the latest three-month sales numbers for iPhone, iPad and Mac.

Although Apple is still going to post profits in the billions, still one of the most successful companies the world by all metrics, investor expectations are low as the company guidance indicates it will report its first decline in year-over-year quarterly revenue since 2003. The primary cause? Falling iPhone sales …

Expand
Expanding
Close

A new motion signed into law in India will require all phones, including iPhones, to feature a ‘panic button’ to call emergency services and GPS for location pings from January 1st, 2017. The provisions are being brought in to aid the ‘security of women’, via the Indian Express.

Obviously, GPS has existed in iPhones since the iPhone 3G but it seems that Apple will have to make some software modifications to iOS to comply with the panic button request.

Expand
Expanding
Close

Ever since the iPad Pro came out, it seemed like an obvious third-party accessory would be a case that could also hold a Pencil. However, six months on, the number of iPad Pro cases with good Apple Pencil compatibility is still pretty small. You are by no means spoilt for choice if you are looking to buy an iPad Pro case with Apple Pencil holder.

The Dux ($59.95) is a solid attempt at such a case, a lightweight 12.9-inch iPad enclosure providing some protection against drops and bangs, with an Apple Pencil holster on the side. Its simplicity is refreshing, but that brings with it some shortcomings. Read on for my review.

Expand
Expanding
Close

Over the weekend, Bloomberg posted an exclusive report of Pegatron’s iPhone plant in China. Although Foxconn is Apple’s primary assembler, Apple has moved more of its iPhone assembly contracts to Pegatron in recent years to diversify its supply chain.

The Bloomberg report describes how the factory is managing its workforce, tracking hours via automated systems, and tackling labor issues like overtime. This is the first time Pegatron has allowed official press to photograph the insides of the factory, where 50,000 people work on the floor.

Expand
Expanding
Close

Initially billed as an exclusive to Tidal, Beyonce’s new Lemonade album is now available to buy on iTunes. Jay-Z’s streaming music service had been touting itself as an exclusive location to listen to Beyonce’s latest album. While Tidal maintains exclusive streaming rights, the album is now being freely sold for download elsewhere.

Tidal has attempted similar stunts in the past, with Kanye West famously stating his album ‘The Life of Pablo’ would never be on Apple Music and would be exclusive to Tidal. However, a track from the album soon showed up on Apple’s services a few weeks later. There is currently a class action lawsuit forming around the false claims of exclusivity.

Expand
Expanding
Close

Although slowing iPhone growth began to impact Apple’s bottom line numbers in the last quarter of the year, the company dominated Silicon Valley in 2015 as far as finances are concerned. In a survey of public tech companies in the Valley, total profit was $133 billion. Apple, alone, recorded profit of $53.7 billion dollars, responsible for 40% of the entire profit pool. The data was collected by SiliconValley.com.

Apple also ranked no. 1 by far in revenue, taking $234 billion in sales. Trailing far behind, the next closest was Alphabet (Google), at $74 billion …

Expand
Expanding
Close

Apple has announced that it is ending support for the original watchOS SDK and original Apple Watch 1.0 apps, which required a phone to even open. From June 1st, Apple will require developers of new Apple Watch apps to use the native SDK, which came with watchOS 2. The requirement was posted on the Apple Developer news page last night.

Expand
Expanding
Close

Apple has cut the price of its iPhone lineup in Japan including the brand-new iPhone SE, by approximately 10% across the board. The price drop can be seen online on Apple’s Japanese storefront, via Macotakara.

A 16 GB iPhone SE was selling for 52800 yen (483 dollars). The new price from today is 47800 yen (437), representing an approximate $50 saving in dollar terms. Full list of price changes after the jump …

Expand
Expanding
Close

An update to the Snapchat app today expands on the popular Face Swap feature in a big way. You can now use the face swap effect with pictures taken or downloaded into your Camera Roll. Until now, two people had to be side-by-side in the same photo to Face Swap.

Now, anyone can face swap with any face detected in their iPhone photo library. This opens up some new ‘creative opportunities’, as pictured above, as the face does not have to be in the real world.

Here’s how to activate the new Snapchat feature …

Expand
Expanding
Close

In an interview with the BBC on national British radio, Apple co-founder Steve Wozniak said that he believes Apple should pay 50% tax, along with all other companies. He said he doesn’t like the distinction of different rules between corporations and individuals.

Today, although Apple has never been found to evade tax or conduct illegal practices, it does not pay at top-rate tax, using a variety of financial engineering schemes to redirect profits elsewhere, such as Ireland, with significantly lower tax requirements.

Expand
Expanding
Close

Although Apple usually updates its iOS adoption statistics on a fortnightly basis, the company had strangely stopped updating its iOS chart last month. As iOS 9 growth appeared to have stalled, perhaps the numbers simply didn’t change significantly in that time. However, this week Apple has updated the chart with a significant jump, now reporting iOS 9 was seen on 84% of active devices as of April 18th. With iOS 10 set to be announced in June (and internal testing gradually ramping — see below), it appears iOS 9 will end up peaking around the 90% adoption mark in line with previous versions.

Expand
Expanding
Close

The Information is reporting that Apple’s efforts to build out its own cloud infrastructure are being held back by company politics. Apple wants to overhaul its cloud services backends to rely on new technologies built in-house but is facing several roadblocks, attributable in part to power struggle between the Siri group and another group handling other Apple services like iMessage and iTunes.

According to The Information, one engineering manager has already resigned with more likely to follow.

Expand
Expanding
Close

Apple has today released an update to the 12 inch Retina MacBook line, with new Skylake processors, overall better performance, and a new color: Rose Gold. The new internals have also allowed Apple to grab an extra hour of battery life out of the same sized product. The MacBook refresh keeps the same thin chassis, the same edge-to-edge keyboard and the same single USB-C port design as the original Retina MacBook, released about a year ago. The new Retina MacBook costs the same as before, starting at $1299.

The lineup means Apple now offers the MacBook in the same colors as its iOS devices, Space Grey, Silver, Gold, and Rose Gold. For the 13 inch MacBook Air, Apple has also made 8 GB RAM the standard spec across every configuration. More specs after the jump.

Expand
Expanding
Close