Bad news and Facebook seem be in perfect harmony over the past months, and the latest report might shine the social media in its worst light yet. Information from RevealNews uncovers how Facebook privately used phrases such as “Friendly Fraud” in internal memos in reference to children spending money on games without their parents permission.
Perhaps more troubling is how the report alleges the company pushed developers into allowing games to entice children to spend money without parental guidance in an effort to “maximize revenue”.
A report from the Wall Street Journaltoday details how Apple (AAPL) lost $9 billion this past year due to a single “underperforming investment” — itself. The report explains that after the surplus of cash the company had through Trump’s 2017 tax overhaul, Apple bought back AAPL shares at peak prices, essentially overpaying for themselves.
Even though AAPL yesterday saw its best single-day performance in over five years, the ~$10 gains made on the share price pale in comparison to the significant losses the stock saw over the past weeks.
The Wall Street Journal reports that Apple is in early talks with “Iranian distributors” to bring the iPhone to Iran:
Apple Inc. is in preliminary contact with Iranian distributors about a possible entry into the country should Western sanctions ease sufficiently, people familiar with the matter said.
The report notes that financial and banking sanctions as well as political tension has thus far prevented companies like Apple from conducting business in Iran, but points to a policy change in May that lifted the ban on sales of “consumer communications technologies” in the country. The report goes on the claim that “senior Apple executives” have already met with “potential Iranian distributors” at Apple’s regional headquarters in London. Expand Expanding Close
Mark Gurman|20:56Tim Cook says he is meeting with Alibaba executives later this week about a potential tie-up for AliPay and Apple Pay. Biggest news of the night from a financial perspective.
Tim Cook just said he'll be talking with Alibaba about a possible partnership "later this week." http://t.co/QP0Hh6v2Ac
Mark Gurman|20:34Cook repeating his comments from 2011, 2012, and 2013 about TV:
“What we’ll do I don’t want to be so clear on,” Cook says. “But it’s an area of a lot of interest. And I’m optimistic … that there can be something great done in the space.”
Mark Gurman|20:31Some more lack of clarity from Tim Cook on Apple Watch battery life
"We think people are going to use it so much you will end up charging it daily," says @tim_cook on Watch battery life pic.twitter.com/wyOZWNtqcJ
Following the announcement of a record earnings results, the debut of a pair of new iPhones, the launch of Apple, the introduction of new iPads, and the unveiling of the upcoming Apple Watch, Apple CEO Tim Cook is taking the stage in California at the Wall Street Journal’s inaugural WSJ.D Live conference. Cook could drop some juicy details behind Apple’s latest products and about Apple’s future, and we’ll be using this live blog post to share the latest details from the interview. You can find all tonight’s action below and follow us for more updates on Twitter:
Apple CEO Tim Cook is being interviewed by WSJ Editor in Chief Gerard Baker at the WSJ.D conference in Laguna Beach, on the topic of ‘Apple’s next chapter.’ Cook’s slot is in the opening session on the evening of Monday 27th October … Expand Expanding Close
iPhone assembler Foxconn is apparently hoping to move beyond its relatively low-margin work into more profitable high-end component manufacturing in order to take a bigger slice of revenue from Apple, reports the WSJ.
Apple Inc.’s major assembler Foxconn is in preliminary discussions with a provincial government in northern China for an investment in a new factory that would make high-end screens for iPhones and other mobile devices, people familiar with the talks say.
Foxconn already manufactures some iPhone components, but currently only low-margin ones like metal casings and cables … Expand Expanding Close
The WSJ revealed some iPhone 6 production numbers as Foxconn struggles to meet demand from pre-orders: the company is operating around 100 production lines around the clock, has 200,000 workers dedicated to production of the iPhone 6 and iPhone 6 Plus – and is manufacturing 540,000 units a day.
“We have been churning out 140,000 iPhone 6 Plus and 400,000 iPhone 6 every day, the highest daily output ever, but the volume is still not enough to meet the preorders,” said a person familiar with the matter …
An investment note we’ve seen from analyst and GTAT investor Matt Margolis claims that all 5.5-inch models of the iPhone 6 will come with sapphire screens, while the 4.7-inch model will get either sapphire or Gorilla Glass depending on the specification.
According to sources close to Foxconn’s manufacturing operations the iPhone 6 will come built with sapphire cover screens in both sizes. These sources have also indicated that the 4.7” Phone 6 is being assembled in two varieties, a sapphire cover screen version and a version featuring Gorilla Glass. At this point I do not know the approximate mix between the two cover screen options on the 4.7” iPhone 6. My latest check on the 5.5” iPhone 6 indicates that all units of the device are expected to come protected by a sapphire cover screen at this point …
Worry not, though, about the next, next generation iPhone rumors, Apple watchers, as a report from Chinese publication Economic Daily News (via Digitimes) shares that TSMC, or Taiwan Semiconductor Manufacturing Company, plans to “advance volume production on its 16nm process” during the beginning of 2015 “with monthly output of 50,000 wafers” to deliver Apple’s A9 system-on-a-chip. Expand Expanding Close
A new report filed by The Wall Street Journal today is the latest to claim that Apple’s next generation of iPhones will sport sapphire displays. In addition to commentary from analysts over how the more expensive material could impact costs for Apple, the WSJ report includes the following tidbit:
Apple is considering using sapphire screens in more-expensive models of the two new, larger iPhones it plans to debut this fall, if it can get enough of the material, people familiar with the matter say.
Two things are notable in mention above. First, the WSJ mentions “two new, larger iPhones” as reports continue to describe both a 4.7-inch and 5.5-inch model to be introduced with the latter size possibly available after the former. Next, the WSJ describes sapphire displays as possibly only being available on “more-expensive models” of the new iPhones.
Samsung has been having some issues lately, reporting falling profits in the most recent quarter. Although most of this is due to shrinking growth in phone sales, where Apple continues to dominate in terms of profit share, Apple has also affected Samsung’s income from its microprocessor production business. With TSMC having exclusivity over Apple’s A8 production, to be used in the upcoming iPhone 6, Samsung’s outlook for ‘logic chips’ is also gloomy, as The Wall Street Journal highlights in a new report.
Samsung executives admitted on a recent conference call that the outlook isn’t so bright for this business.
“Sales and profitability from System LSI (logic chip business) worsened as demand from main customers continued to decline,” Robert Yi, Samsung’s head of investor relations said last week. His comments confirmed, albeit indirectly, how Apple’s gradual shift away from Samsung as a customer of microprocessors was eating into its profits.
The Wall Street Journal is reporting that Ian Rogers, the head of Beats Music, will now also lead iTunes Radio following the Apple acquisition. Apple wants to increase collaboration between both Beats Music and iTunes Radio by having both streaming services led by Rogers. Up to now, iTunes Radio has been headed by Jeff Robin’s team, best known for creating the software that became iTunes.
The Journal says that Rogers’ leadership will increase ‘cohesion’ between the services, which currently offer a lot of app in their end-user experiences. It is still unclear whether Apple has plans to consolidate the brands.
A report from the Economic Daily, which has had better reliability than most Chinese news sites (although should still be treated with relative skepticism), suggests that the iWatch will launch in three distinct models (via GforGames). Rumors of multiple iWatch SKU’s have been circulating for months now, including last month in the Wall Street Journal. Specifically, the report says that there will be one iWatch model with a 1.6 inch display and two different models featuring 1.8 inch panels. According to the report, one of the 1.8 inch models will feature a sapphire display.
Apple employees are certainly Geniuses, but their colleagues across the technology company sphere don’t find them the most attractive, according to a survey compiled by app Hinge and shared by the Wall Street Journal. Hinge, which works similar to app Tinder but with a professional twist, allows users to swipe left or right on another person. You swipe right if you want to connect, and you swipe left if you don’t want to connect.
The survey indicates that people swiped right on Amazon employees 14.2% more than the average rate, Microsoft employees 8.2% above the average rate, Google employees 7.2% above the average rate, Facebook employees 2.3% above the average rate, and Apple employees 0.2% below the average rate. On the other hand, Apple employees swiped right 0.5% more of the time than the average user:
Up to this year, all of Apple’s SoC’s have been manufactured by Samsung.
The Wall Street Journal is reporting that Apple has finally escaped Samsung’s grasp of iOS device CPU production. Although Samsung lost exclusivity last year, there was still doubts that TSMC would be able to follow through with their contract. According to this report, the manufacturer has succeeded and started shipping next-generation microprocessors for Apple’s devices (likely adorned with the ‘A8’ nomenclature) in the second quarter.
This marks a significant point in the production of the iPhone, finally allowing Apple to distance itself from Samsung in such a key area of its devices. The A8 chips use 20-nanometer production processes, according to the report. This compares favorably to the 28-nanometer process used for the A7, which should give better power efficiency and performance per watt. 9to5Mac previously reported that the A8 would focus on significant efficiency enhancements, rather than raw compute performance.
The Wall Street Journaltoday published a brief profile on Apple CEO Tim Cook as the Cupertino-based company continues to be shaped in the image of Cook rather than co-founder Steve Jobs. The profile has some interested tidbits, but it is otherwise light on new information aside from information regarding Cook’s plan for the Apple Board of Directors. According to the report, Cook is “actively” looking to add fresh faces to the Board:
Judging by a roundup in The Wall Street Journal, analysts and investors appear not to share the enthusiasm for Beats acquisition express by Tim Cook and Eddy Cue. While Cook said he was “excited […] about this new chapter in our history” and Cue believed that “combining the two companies will help [music] grow again,” Wall Street is more skeptical.
“To see this kind of money spent for a company that gets most of its revenue from hardware business is not what we want to see,” said Dan Niles, chief investment officer of hedge fund AlphaOne Capital Partners …
An image of an aluminium backplate for what looks like the rumoured, larger, iPad Pro has appeared on Weibo. Although details are unclear, not to mention incredibly sketchy, this looks like an aluminium mockup dummy unit, not an actual iPad part. The image was first spotted by NowhereElse.fr.
But as Apple completes a deal to buy headphone and streaming-service company Beats Electronics LLC from Mr. Iovine and his co-founder, rap star Dr. Dre, both men are likely to take senior positions with the Cupertino, Calif., tech company, according to people familiar with the matter, commuting from the Los Angeles area to Silicon Valley—or meetings elsewhere—as needed.
The report does not seem to indicate that the two men will be full-time employees. Rather, it seems possible that the pair will commute and take meetings as needed. In the modern world of technology, working remotely is not a far-fetched possibility. If the deal closes, Iovine is also expected to resign as Chairman of Interscope, a record label…
The Wall Street Journal has published a report saying that both Apple and Google are actively pursuing exclusivity deals with game developers. Whispers of these type of arrangements surfaced last year, with reports highlighting a partnership between Apple and EA for Plants vs Zombies 2.
The Journal confirms that Apple’s exclusivity deals do not include monetary payments. In return, the companies offer “premium placement” (such as featured spots on the home page) for launching first on their platform.
In regard to the Plants vs Zombies’ deal, the report says EA gave Apple agreed about two months of exclusivity.
Apple senior VP of marketing Phil Schiller was so concerned about Samsung’s Next Big Thing ad campaign, in which the company poked fun at Apple customers, that he emailed Tim Cook to suggest a change of ad agency to fight back – according to a claim by Samsung lawyer Jon Quinn.
Quinn says Schiller became “obsessed” with the campaign, writing CEO Tim Cook to suggest the company look into using another ad agency instead of its mainstay TBWA\CHIAT\DAY. That even led to Apple board discussions over the issue, Quinn added …
Ahead of the latest Apple-Samsung trial, Apple is sharing some of the details regarding the creation of the iPhone with the WSJ. As an aside, Apple also shared a shot of the secret windowless room where the original iPhone meetings took place. The nondescript room is where most of the design decisions for the original iPhone’s software were made and is called “hallowed ground” to Greg Christie, who designs the software interface for products and one of the first members recruited to work on the device in 2004.
It doesn’t mean that the windowless room, lit by fluorescent lights hanging from the ceiling, looked like anything special. Christie recalled the walls had signs of water damage from a flood in an adjacent bathroom. A few images covered the walls including one of Apple’s “Think Different” posters of famous graphic designer Paul Rand and another of a large chicken running around without its head.
Inspiration comes in many forms.
Apple may be sharing this information to drum up public support before the trial. Or, perhaps more likely, Apple knows this information will come out in the trial and wants to “own” the story beforehand.
Apple is on a mass hiring spree for Asian staff, beginning in the middle of last year, as noted by the Wall Street Journal. The Journal says that Apple is trying to speed up product development in China and Taiwan to help launch a larger lineup of devices. Apparently, the company is aggressively hiring away from HTC and other firms to form strong product teams in Asia.
