Apple Inc sold more iPhones than Wall Street expected in the third quarter and forecast revenue in the current period would top many analysts' targets, soothing fears that demand for Apple's most important product had hit a wall. The world's most valuable publicly traded company said it sold 40.4 million iPhones in the third quarter, down 15 percent from the year-ago quarter but slightly more than the average analyst forecast of 40.02 million, according to research firm FactSet StreetAccount. IPhone sales dropped for the second straight quarter, and Apple's total revenue fell 14.6 percent in the fiscal third quarter, ended June 25.
SAN FRANCISCO/BENGALURU (Reuters) - Twitter Inc reported its slowest growth in quarterly revenue since going public in 2013 and frustrated investors yet again with a disappointing outlook for the current quarter. The microblogging service operator's shares fell 10 percent in extended trading with investors concerned about its expansion and role in the social media landscape as it faces intense competition from fast-growing competitors like Snapchat and Instagram. The company's second quarter revenue missed Wall Street estimates and the revenue forecast for the current quarter of $590 million to $610 million was well below the average analyst estimate of $678.18 million.
By Jonathan Weber and Jeffrey Dastin SAN FRANCISCO (Reuters) - When senior Yahoo executives gathered at a San Jose hotel for a management retreat in the spring of 2006, there was no outward sign of a company in crisis. The tough days of the dot-com bust were a distant memory, and Yahoo Inc , flush with lucrative advertising deals from the world's biggest brands, was enjoying its run as one of the top dogs in the world's hottest industry. Then they were asked to write down their answer for Yahoo.
Verizon Communications Inc disappointed Wall Street on Tuesday by reporting a smaller-than-expected subscriber gain for its main wireless business, while its CEO gave few details about plans to increase revenue from its planned purchase of Yahoo Inc's internet assets. Shares of the No. 1 U.S. wireless company, which had risen about 21 percent this year, fell 2 percent shortly after midday. Verizon is focused on combining the media and advertising technology assets of Yahoo and AOL, which it acquired last year, Chief Financial Officer Fran Shammo said in an interview.
The White House issued new instructions on Tuesday on how government agencies should respond to major cyber security attacks, attempting to combat perceptions the Obama administration has been sluggish in addressing threats from sophisticated hacking adversaries. The announcement was made amid suspicion in the U.S. government that hackers working for Russia may have engineered the leak of emails stolen from the Democratic National Committee in an attempt to influence the Nov. 8 presidential election. The directive, which was years in the making and includes a five-point scale to grade the severity of an incident, provides the first public guidance on the specific roles of federal agencies in coordinating efforts to investigate and respond to cyber security breaches in government and the private sector.
By David Shepardson WASHINGTON (Reuters) - A driver killed in the May 7 crash of a Tesla Motors Inc car while using Autopilot driving-assist software was exceeding the speed limit, U.S. highway safety investigators said on Tuesday in a preliminary report that did not state a probable cause. The U.S. National Transportation Safety Board (NTSB) said its preliminary findings showed the Model S was traveling at 74 miles per hour (mph) in a 65-mph zone at the time it struck a semi-truck near Williston, Florida. Joshua Brown was killed when his vehicle drove under the tractor trailer.
SAN FRANCISCO (AP) — You can expect to hear a lot more from Apple about the virtues of mobile apps and online services in coming months. And for good reason: They're just about the only part of Apple's business that's growing right now.
MENLO PARK, Calif. (AP) — Chinese video streaming company LeEco is breaking into the U.S. TV market by buying Vizio, a manufacturer of budget-priced sets. The combination promises a marriage of hardware and content as tightly linked as your smartphone is to your monthly voice and data plan.
Apple's iPhone sales continue to decline. Apple just reported its latest Q3 earnings, and the company sold 40.4 million iPhones in the recent quarter, compared to 47.5 million this time last year. The slump in sales means Apple's profit has dropped 27 percent as a result. Last quarter, iPhone sales were also down 16 percent year-over-year.
Billed as the world's first virtual reality platform, the free Android app is a new way for music lovers to experience their favorite artists in virtual reality. Moments after I held the Google Cardboard to my eyes, I found myself in a dark room in the midst of a screaming audience.
If Veeso has its way, the next big thing in virtual reality will be actual face tracking. Dubbed as the first face-tracking virtual reality headset, Veeso is capable of capturing your facial expressions and transferring them into VR for an even more engaging experience. When/If it launches, the headset will be available in four colors (Red, Blue, Black and White) with 10 custom apps set to ship within the first six months of launch.
The Wall Street Journal broke the news that Mansfield is now heading Project Titan, Apple's long-rumored though far from official effort to build its own self-driving car. The Journal says all senior managers involved in Project Titan have been reporting to Mansfield, who left Apple's executive team in 2013 after a 15-year stint at Apple.
According to a new report, Apple may name its next phone the iPhone 6SE instead of the iPhone 7, in an effort to message to shoppers that this is not the huge update they're looking for but more of a medium-size upgrade. The rumor was spotted by 9to5Mac on the German blog Apfelpage, which says that Chinese supply chain sources have seen packaging and labeling that show iPhone 6SE. Sure, there's already the iPhone SE, but iPhone 6SE is too many letters and numbers and almost sounds like a joke.
VR platforms like the HTC Vive and Oculus Rift transport you to faraway worlds. HTC's controllers let Vive owners interact with the virtual world, but enthusiasts haven't been able to feel physical feedback. Researcher Justin Devine at Queen's University Belfast is using a $25,000 industrial machine called Baxter for the experiment.
With the help of drones, Amazon Prime delivery could be even more immediate. Amazon has established a new partnership with the UK government that will allow the company to test new drone delivery technology for its highly-anticipated future delivery system, Amazon Prime Air. If testing is successful, Prime Air is slated to deliver packages to customers within 30 minutes or less using unmanned aerial drones that can fly directly to your doorstep straight from the distribution center — a method that is both faster and more environmentally friendly, according to Amazon.
SAN FRANCISCO (AP) — Twitter is in danger of becoming the next internet company forced into a desperation sale if it cannot find a way to start luring people and advertisers back to its sometimes-befuddling messaging service.
As the Obama administration nears its final months, the White House has released a framework for handling cyberattacks. The Presidential Policy Directive on United States Cyber Incident Coordination builds on the action plan that Obama laid out earlier this year, and it’s intended to create a clear standard of when and how government agencies will handle incidents. It also comes with a new threat level scale, assigning specific colors and response levels to the danger of a hack.
In its forward-looking statements for the third fiscal quarter of 2016, Twitter says it expects revenue of about $590 million to $610 million, which is far lower than the $678 million analysts expected Twitter to forecast. In its fiscal second quarter earnings report, Twitter says it added 3 million users, about 1 million more than Wall Street was expecting. Analysts surveyed by Thompson Reuters had Twitter at a profit of 10 cents a share on revenue of $607 million.
An Autopiloted Tesla that fatally crashed in Florida in May was being driven at 74 in a 65 zone, according to a preliminary report from the National Transportation Safety Board. The crash has caused all sorts of debates, with some parties calling for Tesla to deactivate its Autopilot program, and the SEC investigating Tesla for securities fraud surrounding the crash. The NTSB report is a little short on most details. But one thing it does confirm is that the car was speeding, doing nine miles an hour over the posted speed limit. Given that the crash occurred on a straight section of road, with no restrictions on visibility, and the Tesla was travelling at a very reasonable speed for the road, we can virtually rule out "speeding" as the root cause of this accident. DON'T MISS: Samsung S7 Active review: I can’t kill this indestructible smartphone As initially reported by Tesla, and now confirmed by the NTSB, the accident occurred when the Tesla, travelling along the highway, hit a semitrailer that was turning left across the Tesla's direction of travel. The photo below shows the location of the crash. Presumably, the semitrailer was turning into the gas station visible on the right-hand side of the photo. The NTSB report confirms that it's an "uncontrolled" intersection, so cars travelling along the highway (i.e. the Tesla) have the right of way. We won't know for sure what happened until the NTSB releases its full report. But even now, with the limited data at hand, it's hard to see how the mild speeding highlighted by the NTSB could be at fault. The difference in stopping distance between 65mpg and 74mph is about 60 feet in a typical car, and presumably much less in a high-performance Tesla. That's not a lot. The problem doesn't appear to have been that the Tesla saw the truck, but was travelling too fast to take evasive action. It's that an obstacle suddenly appeared on the highway in front of the Tesla, and neither the car nor the driver saw it in time to take action. It doesn't really matter if the car was travelling at 60 or 80 miles per hour -- the difference in stopping distance (including reaction time) is negligible, and a crash at both speeds is likely to be equally fatal. Now, it may well be that the driver wasn't paying as much attention as he should be, since Autopilot was engaged and he wasn't actively involved in the driving process. According to Tesla, the Autopilot system also performed sub-optimally, mistakenly identifying the semitrailer as an overhead gantry, rather than an obstacle on the road. But none of those things have anything to do with speed, so let's take a moment before using this preliminary NTSB report to brand the driver of the Tesla as irresponsible.
Apple just reported earnings for its third quarter of 2016, and managed to beat Wall Street expectations — although expectations had been set fairly low after disappointing earnings last quarter. Apple reported $42.4 billion in quarterly revenue for its third quarter 2016, and quarterly net income of $7.8 billion ($1.42 per share). In terms of iPhone sales in the third quarter, it was another relatively weak quarter for the device, although again, Apple managed to beat short-term expectations.
CowarobotI really did think I knew the whole future of luggage. A rideable suitcase? That seemed to be the pinnacle of innovation. But only a mere five days after discovering the Modobag, it’s being usurped in my mind by the Cowarobot R1, which its manufacturer says is the "world’s first autonomous suitcase." LOL.CowarobotThe Cowarobot makes me feel happy because I like the idea of something never leaving my side and being programmed to never want to leave my side. True love. The suitcase relies on something called a "CO-MOVE System." I’m very unclear on what this system is. ...
Jason Dressen leads an average life. Blake Crouch's new novel Dark Matter will satisfy any cravings you might have for the late Michael Crichton's known techno-thrillers like Jurassic Park, Timeline, The Andromeda Strain, and others.
By Rosalba O'Brien SANTIAGO (Reuters) - Lithium Power, the latest company keen to capitalize on Chile's vast reserves of key battery ingredient lithium, is planning to start drilling by September and ramp up to commercial sales by 2020, the chief executive told Reuters. The Australian-listed smallcap, which already has projects in Australia and Argentina, announced last week that it was forming a joint venture with local partners to develop the Maricunga project in northern Chile. Lithium Power is going to fund the development costs starting with a $2 million loan.
What goes up must come down, and Apple is in the midst of a tough lesson in gravity at the moment. The company's second-quarter earnings report this past April marked the first time Apple had ever reported a decline in iPhone sales. Of course, the decline was expected by anyone who was paying attention — after astronomical iPhone 6 sales fueled by pent-up demand for iPhones with larger displays, there was simply no way Apple was going to be able to keep pace with an incremental "S" upgrade. What was unexpected, however, was how dramatic that sales decline would be. With the second quarter behind us and serious questions surrounding the future of Apple's core business swirling, all eyes were still fixed on the iPhone ahead of Tuesday's fiscal Q3 earnings report. MUST WATCH: This is our best look yet at the iPhone 7 At Tuesday's open, Apple shares were down more than 7% from where they were trading ahead of Apple's second-quarter earnings report three months ago. The chief concern among investors (thanks in no small part to a dreary picture painted repeatedly by bearish analysts) is that Apple's iPhone business has hit a wall. March-quarter units sales this year came in at 51.2 million iPhones, which was down from 61.2 million units in the same quarter last year. That's a massive decline, to say the least, so it's understandable that people would be rattled. Making matters worse is the fact that Apple has all but confirmed that this year's new iPhones won't be major upgrades. In a series of reports that reeked of a PR plant , expectations were established for a somewhat minor update in 2016 that will feel more like a second consecutive "S" upgrade than the big bi-yearly update Apple fans are used to. As a result, some industry watchers are predicting further declines that reach well into 2017. When will it end? It's obviously difficult to say, but one thing is certain: Apple's iPhone sales slide didn't come to an end in the June quarter. Apple on Tuesday announced fiscal third-quarter earnings of $1.42 per share, or $7.8 billion in net income, on sales totaling $42.4 billion. That compares to a net profit of $1.85 per share in the same quarter last year, while revenue slid from the Q3 record of $49.6 billion that Apple set in fiscal 2015. Ahead of Apple's report, analysts were expecting EPS to come in at $1.39 while revenue was seen dropping to $42.1 billion, right in the middle of Apple's guidance of between $41 billion and $43 billion. iPhone sales in fiscal Q3 2016 totaled 40.4 million units, down from the 47.5 million iPhones the company sold during the June quarter last year, which was also a third-quarter record. Wall Street's consensus for this past quarter was 40 million units. The company said it expects between $45.5 billion and $47.5 billion in sales for the fiscal fourth quarter. Apple remains the world's most profitable consumer electronics company by a substantial margin, but there's little question that the company has some choppy waters to navigate right now. The iPhone has been the star of the show for the better part of a decade, and Apple has enjoyed astronomical growth as a result. Is growth in Apple's iPhone business gone for good? Don't be so sure . But iPhone growth is certainly over for the time being, and there's nothing else in Apple's portfolio that can pick up the slack. Bears see that as a sign of serious trouble for Apple's future under CEO Tim Cook. Bulls see it as an opportunity to buy Apple shares at a deep discount before they skyrocket again in the coming years. There are certainly compelling cases being made on both sides of the fence, but only time will tell if the new products Apple is working on behind the scenes can bring the company back to growth.
Over the following nine years, I've rejoined Twitter, leveraged its connections for survival as freelance writer, made friends, inspired enemies, and written a shabby series of think-pieces about the heartburn it so regularly gives me. Looking back, each year with Twitter has had its own unique shape, both on the personal and global level. To parse why that is, I've broken down my nine different uses for Twitter over the last nine years.
Chinese tech giant LeEco led by billionaire Jia Yueting announced a deal Tuesday to buy US television manufacturer Vizio for $2 billion. The deal expands the US presence for the company, formerly known as Letv, which operates a streaming television service, makes smartphones and other electronics, and has been working on research for autonomous cars. "LeEco believes in breakthrough technologies, a complete ecosystem and disruptive pricing," Jia, the founder and chief executive of LeEco, said in a statement.
For 72 episodes, What’s Tech has invited guests to explain technology and its cultural periphery — from drones and fan fiction to ASMR and biohacking. For this momentous occasion, our guest is Alex Goldman, co-host of one of my favorite podcasts, Reply All. After you listen, visit Reply All’s publisher Gimlet Media, which is responsible for a number of the best examples of the podcasting form.
Apple Music might have just gotten its first must-watch show. On Tuesday, The Hollywood Reporter revealed that Apple had bought the exclusive rights to the "Carpool Karaoke" segment from The Late Late Show with James Corden and would be turning it into its own series for the Apple Music service. DON'T MISS: This is our best look yet at the iPhone 7 According to the report, the series will consist of 16 episodes released on a weekly basis. A host for the show has yet to be announced, but Corden is not expected to remain behind the wheel. After all, he already has a show. "We love music, and Carpool Karaoke celebrates it in a fun and unique way that is a hit with audiences of all ages," said Apple's senior VP, Eddy Cue. "It's a perfect fit for Apple Music — bringing subscribers exclusive access to their favorite artists and celebrities who come along for the ride." Corden and Late Late Show executive producer Ben Winston have been trying to find a partner for the show for months following its breakout success over the past year. Fallon pulled off a similar stunt when he helped spin off Lip Sync Battle to Spike, and now Corden will be doing the same, albeit away from TV. "We couldn't be more excited to be partnering with Apple Music on this exciting new series of Carpool Karaoke ," said Winston. "The joy of Carpool is both the intimacy it creates, while seeing the love our passengers have for music. Where better to showcase that than with Apple Music?" The Apple Music exclusive Carpool Karaoke doesn't have a release date yet, but one is expected to be announced soon.
(Reuters) - Analog Devices Inc said it would buy fellow chipmaker Linear Technology Corp for about $14.8 billion, creating a company with a combined revenue of $5 billion. Analog Devices said it would offer $46.00 per share in cash and 0.2321 a share for each Linear share. The deal is expected to immediately add to Analog Devices' non-GAAP EPS and free cash flow.
Donald Trump used his acceptance speech to describe an America being torn apart by crime and violence that only he can stop.
Y106 Radio • A White River Broadcasting Station • Mailing Address ~ P.O. 1789 Columbus, IN 47202
Studio 3212 Washington Street Columbus, Indiana 47203
PH: 812-372-4448 • Y106 Studio Line: 812-379-1061 • Toll Free at 888-262-1061 • email: