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Apples iPhone sales tanked Now all eyes are on whats ahead

first_img $999 The company had raised a red flag in November, when it said it would stop disclosing how many units it sells each quarter.On Tuesday, investors will get a more-detailed picture of what missed and why. More important, said analysts, will be what Apple says during its conference call about the state of the second quarter, which ends in March.”The big question is how much iPhone channel inventory Apple built in Q1,” Toni Sacconaghi, an analyst at Bernstein, wrote in a note to investors last week. Sacconaghi encouraged investors to listen for commentary on replacement cycles for the iPhone, reasons for the downturn in China and demand in other regions for the iPhone. “Our contention [is] that China only appears to account for half of the iPhone’s shortfall in Q1,” he wrote.UBS analyst Timothy Arcuri raised similar concerns in his investors note, writing that he’ll be paying attention to what Apple says about iPhone inventory levels, how long the company expects to be affected by demand in China, potential price reductions and iPhone upgrade cycles. Updated at 4:22 p.m. PT: To reflect the price of the MacBook Air for nonstudents.  Apple: See what’s up with the tech giant as it releases new iPhones and more.Does the Mac still matter? Apple execs explain why the MacBook Pro was over four years in the making, and why we should care. CNET may get a commission from retail offers. 48 Now playing: Watch this: Tags $999 Apple See It See All Aug 31 • Your phone screen is gross. Here’s how to clean it Phones Stock Market Preview • iPhone XS is the new $1,000 iPhone X Sprint Aug 31 • iPhone XR vs. iPhone 8 Plus: Which iPhone should you buy? Boost Mobile See It Apple’s iPhone XS didn’t sell as well as analysts had expected during the holiday season.  Angela Lang/CNET Early this month, Apple CEO Tim Cook gave us the bad news in broad strokes. On Tuesday, we’ll find out just how bad it was.In a letter shared with investors on Jan. 2, Cook revealed that revenue in the company’s fiscal first quarter, ended on Dec. 29, would miss Apple’s own forecasts by about 15 percent. He laid most of the blame on an economic slowdown in China. “In fact, most of our revenue shortfall to our guidance, and over 100 percent of our year-over-year worldwide revenue decline, occurred in Greater China across iPhone, Mac and iPad,” he wrote. Cook also blamed a decrease in carrier phone subsidies and higher prices overseas caused by a strong US dollar. Customers additionally took advantage of Apple’s $29 battery replacement offer, which lets them squeeze more life out of their older iPhones. The company now sees sales of $84 billion, well below the range of $89 billion to $94 billion it had forecast in November. The earnings warning was Apple’s first in more than 15 years. The weaker holiday season — a period when most of Apple’s iPhones are sold — fanned a growing belief that the industry as a whole, and Apple in particular, is grappling with consumer smartphone fatigue. Many people also pointed to the high price tags on Apple’s newest phones. The iPhone XS ranges from $999 to $1,349, depending on storage capacity, and the XS Max with 512 GB of storage costs as much as $1,499. By comparison, the MacBook Air starts at $999. Mentioned Above Apple iPhone XS (64GB, space gray) Aug 31 • Best places to sell your used electronics in 2019 Review • iPhone XS review, updated: A few luxury upgrades over the XR Apple Apple iPhone XS Sep 1 • iPhone 11, Apple Watch 5 and more: The final rumors See It $999 See it $999 Best Buy • Comments Share your voice Apple’s streaming service could take on Netflix 6:05 reading • Apple’s iPhone sales tanked. Now all eyes are on what’s aheadlast_img read more

Scientists just discovered a new dinosaur with leathery bat wings

first_img Sci-Tech Share your voice 15 Photos Tags This is what would happen if we still had dinosaurscenter_img 0 null To the Batcave! Cheung Chung Tat Holy leathery membranes, Batman! An exquisite, fascinating fossil find in northern China has provided new evidence that some Jurassic dinosaurs developed membranous wings like those seen in modern day bats. A complete analysis of the find is published in the journal Nature on May 8, detailing the new fossil, which researchers have named Ambopteryx longibranchium. The nearly-complete fossil was spotted in 2017, lying in a rock formation dating back 163 million years. Remnants of the creature’s plumage and tissues were well-preserved, allowing researchers to slowly piece together the history and form of the unusual dinosaur.The researchers found soft tissue around the dinosaur’s flanks and across its arms, showing it had folds of leathery skin that would have resembled wings. The fossil also contains a “styliform” — a long bone that extends from the wrist — providing further evidence the membrane likely ran from Ambopteryx’s flank to its fingertips.Measuring approximately 13 inches in length, Ambopteryx would have lived in the trees of the Jurassic period and used its wings to glide through the air, rather than for powered flight. It belongs to a group of dinosaurs known as the scansoriopterygids, which all contain lanky arms, but it’s only the second fossil found in the group to contain the styliform bone.That is significant, because it strengthens the case the first “bat-winged” fossil, located in 2015 from a location only 50 miles away, was indeed a flyer. Dubbed “Yi qi”, the fossil was bizarre enough that it divided paleontologist opinion on whether or not the creature had wings. We know dinosaurs eventually evolved feathery wings and became today’s birds, but besides Yi qi, there wasn’t any prior evidence in the fossil record to suggest this type of non-avian flight.That makes Ambopteryx a powerful find, lending weight to the idea Yi qi did indeed develop a separate method of flight, similar to that of the pterosaurs but different to the line of dinosaurs that would eventually become birds. The membrane may even be present in previously discovered members of the scansoriopterygids, though at present it is believed the other members had more bird-like wings.last_img read more

Amazon plans to buy 26 stake in Mukesh Ambaniled Reliance Retail

first_imgReliance Industries LimitedAmazon is in talks with Mukesh Ambani-led Reliance Industries to acquire about 26 percent in Reliance Retail. Reliance had been in talks with Alibaba Group for a similar acquisition which was scrapped due to a valuation rift.Amazon is aiming to step into India’s large brick-and-mortar chain. The acquisition will help the e-commerce major to gain a long-term hold in the industries where shopping is concentrated on public outlets.According to The Economic Times, the proceedings for the acquisition are going forward slowly. It also states that Amazon is planning the deal cautiously by taking the foreign direct investment (FDI) norms into consideration.The e-commerce giant wants to play safe by acquiring less than 26 percent to avoid getting barred due to FDI norms. Amazon LogoAPAs per the ET report, the Seattle-based firm aims to be an investor in Reliance because of its market-leading position in consumer electronics and mobile phones. Amazon also has been trying to get into the grocery vertical and Reliance’s grocery stores might help the e-commerce gain momentum in the long run.The report additionally states that the Mukesh Ambani-led company is looking forward to the deal to ease Reliance Retail’s outstanding debt of about Rs 2.88 lakh crore. The successful completion of the deal will help Reliance become a seller on Amazon India platform.The recent changes in FDI norms by the Narendra Modi government allows 51 percent in multi-brand retail. The new norms allow 100 percent overseas investment in cash-and-carry or wholesale stores and online marketplace to help third-party sellers with a platform to sell their goods. grocery (Representational Image)Reuters fileReliance Retail has been operating about 10,644 retail stores in about 6,700 cities. The major part of the revenue of Rs 73,508 crore last year was generated from electronics, grocery, and fashion. Total e-commerce retail business in the country accounts to three percent, which is expected to double by 2021, according to a study by Deloitte and Retailers Association of India. Amazon and Flipkart have seen a steady increase in their revenue even after drastic changes in the FDI policy.last_img read more