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Archivo del Autor: Belen De Leon

iPhones have weak quarter, but wearables are doing great

As anticipated, Apple’s hardware numbers were a mixed bag during today’s fiscal Q3 earnings report. Apple continues to shift much of its resources to services and content, including a billion-dollar push into Apple TV+. But while iPhone number were down, things weren’t all bad on the device front.

Notably, wearables are up in a big way. The category hit $5.5 billion for the quarter, up from $3.7 billion, year-over-year. The boost came in no small part due to the arrival of new AirPods, featuring wireless charging functionality, in spite of the company DOAing its AirPower charging pad.

“The wearables category is doing extremely well.” said Tim Cook on today’s earnings call. “We stuck with it when others perhaps didn’t.”

Apple CFO Luca Maestri pointed out that the revenue of the wearables division alone would make for a Fortune 200 company.

Meanwhile, iPad revenue is up 8% year-over-year, Mac revenue is up 11% and the services category it’s been putting so much focus into is up 13%.

“This was our biggest June quarter ever — driven by all-time record revenue from Services, accelerating growth from Wearables, strong performance from iPad and Mac and significant improvement in iPhone trends,� Tim Cook said in a press release tied to earnings. “These results are promising across all our geographic segments, and we’re confident about what’s ahead. The balance of calendar 2019 will be an exciting period, with major launches on all of our platforms, new services and several new products.�

The optimism around iPhone isn’t entirely universal at the moment. The quarter marked another year-over-year decline for iPhone revenues, from $29.5 billion in fiscal Q3 2018 to $25.9 billion in fiscal Q3 2019, with the category dipping below 50% of the company’s total revenue for the time period. The past several quarters have seen a decline in iPhone sales, thanks to an overall stagnation in the global market, coupled with slower than expected sales in China.

That, in turn, is the result of slowed economic growth in the country. In fact, few manufacturers have been able to buck the trend in China, save for Huawei. The embattled hardware giant has increased domestic sales through aggressive pricing strategy and an increased push for patriotic purchases as it sees political headwinds abroad.

On this evening’s call, Cook said there’s some cause for optimism when it comes to China. “I’d like to provide some color on our performance in Greater China, where we saw significant improvement compared to the first half of fiscal 2019 and return to growth and constant currency,â€� the exec said. “We experienced noticeably better year-over-year comparisons for our iPhone business there than we saw in the last two quarters. And we had sequential improvement in the performance of every category.â€�

Apple, of course, will be announcing new phones later this year, though it remains to be seen whether a new feature set will be strong enough to kickstart sales. 5G is expected to be a key driver in smartphone numbers in the year ahead, though Apple isn’t expected to offer the capability until 2020.

The company also recently agreed to purchase Intel’s modem division in an effort to build more components in house.


Source: TechCrunch

The first top-tier ray tracing-only game will land in 2023, Nvidia guru says

According to the musings of one of Nvidia’s top researchers, consumers may see the first top-notch game that requires ray tracing by 2023. Only a handful of games now support it, but the pool is growing as ray tracing technology evolves.
Source: Digital trends

Bernie Sanders makes reinstating net neutrality a campaign promise

Senator Bernie Sanders (I-VT) has made reinstating net neutrality via FCC appointments one of his campaign promises, The Daily Dot reported today. He is far from alone among the Democratic presidential candidates in supporting the policy, but appears to be the first to make it part of his election campaign.

In a statement, a spokesperson for the Senator told The Daily Dot:

When Bernie Sanders is president, he will appoint FCC commissioners who will reinstate net neutrality protections and make sure that giant corporations treat all content and traffic equally.

I’ve contacted the Sanders campaign for confirmation and further information, and will update this post if I hear back.

Sanders has supported net neutrality consistently when it has come up over the years, speaking out for it when it was established in 2015’s Open Internet Order and speaking against the FCC’s order overturning it.

Revamping the FCC’s lineup isn’t something he could do instantly; commissioners serve five-year terms, though the newest appointees are the Democrats forming the majority of the five-person commission, so the next president will have the ability to choose a new Democratic commissioner when one of the Republicans leaves. (It’s likely that Chairman Pai would leave his position if a Democrat was elected president.)

Legislation and executive action are other options for addressing the net neutrality issue; lawmakers are actively pursuing the former, though any bill can be considered dead on arrival in the Senate right now, since Republican legislators are mostly against net neutrality, and it would likely be vetoed even if it passed through Congress.

Among the other Democratic presidential frontrunners, Sen. Kamala Harris (D-CA) and Elizabeth Warren (D-MA) have both been vocal supporters of net neutrality, as well.

“Under this administration the FCC has become a puppet for giant internet providers,” said Warren in a speech on the floor last year in favor of a measure that would have rolled back the latest FCC rules. “If the FCC will not stand up for the public interest, it’s up to Congress to do so. But it’ll take this Republican-controlled Congress prying itself free from the grip of giant companies and doing what’s right for the American people.”

Sen. Harris told the FCC in her official comment on Restoring Internet Freedom:

Broadband providers must not be allowed to tilt the competitive playing field by blocking or throttling their competitors, prioritizing their own offerings, or otherwise unreasonably interfering with lawful content. Title II of the Communications Act is currently the only legal basis for establishing those vital protections for America’s consumers and businesses, and so I also urge the Commission to maintain that legal foundation

I won’t list their comments exhaustively, but Andrew Yang, Sen. Kirsten Gillibrand (D-NY), Sen. Cory Booker (D-NJ), Pete Buttigieg and others have been on the record historically or lately as supporting net neutrality and have taken various actions to promote it or voted for legislation to restore it.

The major outlier among all these is Joe Biden, who has spoken against certain forms of net neutrality in the past, but also was present for the Obama-prioritized push to instate it during the duo’s second term. The issue and situation was different in 2006 and 2007, but it’s hard to give the guy a pass just because it was a few years ago — especially when the first thing he did after announcing his bid for the presidency was to hold a fundraiser hosted by a Comcast executive.

While it’s never safe to assume anything, it seems highly likely that any of these candidates, should they be elected, would take the steps Sanders describes. But it’s notable that Sanders is the first to make it official.


Source: TechCrunch

The World Health Organization Says No More Gene-Edited Babies

The public health authority is asking countries to put a stop to any Crispr experiments that would lead to the birth of altered humans.
Source: Wired

'Wolfenstein: Youngblood' Is a Rare Game About Sisterhood

Games need more young women like the twins in the latest ‘Wolfenstein’ title—ones who are messy and alive and fun as hell.
Source: Wired

Here’s how to protect yourself from the Capital One data breach

Capital One just announced that it experienced a data breach that affects approximately 100 million people. Are you one of them? If you think you might be, here’s how to protect yourself from the Capital One data breach.
Source: Digital trends

PrEP Made HIV Prevention Easier—and It’s Getting Even Simpler

The drug Truvada, or PrEP, has helped drastically reduce new HIV infections, but taking a daily pill can be onerous. Now there might be other options.
Source: Wired

This liquid-cooled RTX 2080 Super graphics card looks insanely powerful

Aorus has unveiled two new cards that are built around Nvidia’s Geforce RTX 2080 Super chipset and that feature built-in watercooling to support extreme overclocking and performance.
Source: Digital trends

Real estate platform Compass raises another $370M on a $6.4B valuation en route to an IPO

The real estate market will forever go through ups and downs, but today comes big news for a startup in the space that has built a platform that it believes can help all players in it — buyers, sellers, and those who help with the buying and selling — no matter what stage of the cycle we happen to be in.

Compass — a startup that has built a three-sided marketplace for the industry, along with a wide set of algorithms to help make it work — has raised a $370 million round of funding, money that it plans to use to continue expanding to more geographies and expanding its R&D and product development. Sources tell me that it’s also now eyeing up an IPO, likely sometime in the next 24 months.

“From day one we knew, when we had just a small amount of people at the company, we had a very clear focus,” co-founder and chairman Ori Allon said in an interview. “We wanted to bring more tech and data and transparency to real estate, and i think it’s paid off.”

Based out of New York, Compass earlier this year established an engineering hub in Seattle run by the former CTO of AI for Microsoft, Joseph Sirosh. It’s continuing to hire there and elsewhere (alongside also making acqui-hires for talent).

The Series G funding — which brings the total raised by Compass to $1.5 billion — is coming in at a $6.4 billion valuation, a huge uptick for the company compared to its $4.4 billion valuation less than a year ago. Part of the reason for that has been the company’s massive growth: in the last quarter, its revenues were up 250% compared to Q2 2018.

The investor list for this latest round includes previous investors Canada Pension Plan Investment Board (CPPIB), Dragoneer Investment Group, and SoftBank Vision Fund. Other investors since it was first founded in 2012 have included Founders Fund, the Qatar Investment Authority (a construction and real estate giant), Fidelity and others.

The company was co-founded by Ori Allon and Robert Reffkin — respectively the chairman and CEO — with Allon holding a string of notable successes in the field of search to his name (his two prior startups were sold to Google and Twitter, which used them as the basis of large areas of their search and discovery algorithms).

In this latest entrepreneurial foray, Allon’s vision of using machine learning algorithms to improve decisions that humans make has been tailored to the specific vertical of real estate.

The platform is not a mere marketplace to connect buyers to real estate agents to sellers, but an engine that helps figure out pricing, timing for sales, how to stage homes (and more recently how to improve them with actual building work by way of Compass Concierge) to get the best prices and best sales. It also helps real estate agents manage their time and their customers (by way of an acquisition it made of CRM platform Contactually earlier this year). Starting with high-end homes for private individuals, Compass has expanded to commercial real estate and a much wider set of price brackets.

There is a wide opportunity for vertical search businesses at the moment. People want more accurate and targeted information to make purchasing decisions; and companies that are in the business of providing information (and selling things) are keen for better platforms to bring in online visitors and increase their conversions.

I understand that this has led to Compass getting approached for acquisitions, but that is not in the blueprint for this real estate startup: the longer term plan will be to take the company public, likely in the next 24 months.

“It has been incredible to see the growth of our Product & Engineering team, including the addition of Joseph Sirosh as CTO,� said Compass Founder & Executive Chairman Ori Allon, in a statement. “We are excited to partner with new investors, and deepen our relationship with our existing partners to accelerate our growth and further our technology advancements.�

 


Source: TechCrunch

Huawei reports revenue surge despite US ban – CNET

The Chinese phonemaker said its revenue grew more than 23% in the first half of 2019.
Source: CNET

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