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Techlife News #418

Read the most relevant news of the week about the world of technology and its influence on our lives. New products, Apps, acquisitions in the industry, highlights about the digital world and everything about your favorite iGadgets and upgrades. Everything you need to keep well informed. A new concept of light, intelligent, innovative reading at your fingertips. A global view of Tech LifeStyle and its influence on our lives.

Country:
United States
Language:
English
Publisher:
Ivan Castilho de Almeida
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52 Issues

IN THIS ISSUE

3 min.
apple shakes off iphone slump to deliver strong fiscal 4q

Apple is still running a well-oiled moneymaking machine despite cooling demand for its hottest product, the iPhone. Sales and revenue in the July-September quarter exceeded Wall Street estimates as Apple’s newest iPhones got off to a better start than expected, even though the devices aren’t that much different from last year’s models. Apple said that revenue rose 2% from the same time last year to $64 billion, despite iPhone revenue dropping 9%. The company’s iPhone sales have now declined from the previous year for four straight quarter. Apple’s quarterly profit dipped 3% to $13.7 billion, but its earnings per share of $3.03 topped analyst projections. In another encouraging sign for the company, Apple’s sales in China recover further from a sharp drop-off earlier this year. That helped ease worries that Apple might be bruised…

5 min.
freebies are the key hook in new ‘streaming wars’

If you make it free, will they come? Apple, Disney and AT&T’s WarnerMedia want to jump-start their challenges to Netflix by offering freebies and deep discounts on emerging streaming plans. That includes a free year of Apple TV Plus for customers of new Apple devices and a free year of Disney Plus to higher-tier Verizon customers. Some existing HBO subscribers will also get the super-charged version, HBO Max, at no additional cost. Experts say these services can worry later about holding onto customers — perhaps by offering must-see shows they can’t get anywhere else or tying discounts to other services that are difficult to drop. “Next year is a race to aggregate consumers,” said Kevin Westcott, who heads Deloitte’s U.S. telecommunication, media and entertainment consulting business. “The first war is getting them to…

4 min.
twitter pulls back on political ads, but pitfalls await

Twitter announced an end Wednesday to political campaign and issue ads on its service, calling it an important step in reducing the flow of election-related misinformation. But some of its users might face an unintended consequence or two. Among those potentially affected could be public-interest nonprofits eager to reach an audience larger than their official followers, challengers to incumbent officeholders, and — obviously — political consultants who make a living placing ad buys for their candidates. Twitter CEO Jack Dorsey said in a series of tweets that paid political messages in the targeted environment that social media enables can be fraught. “While internet advertising is incredibly powerful and very effective for commercial advertisers, that power brings significant risks to politics, where it can be used to influence votes to affect the lives of…

1 min.
samsung electronics says third quarter profit fell 56%

Samsung Electronics said Thursday its operating profit for the last quarter fell by nearly 56%, with its robust sales of smartphones, displays and TVs offset by a continuously weak market for computer chips. The South Korean technology giant reported an operating profit of 7.78 trillion won ($6.7 billion) for the July-September quarter, which represented a 55.7% drop from the same period last year. Samsung says third-quarter revenue fell 5.3% to 62 trillion won ($53.4 billion). Samsung is the world’s biggest maker of semiconductors and smartphones, but it has struggled with falling prices for DRAM and NAND memory chips since late last year. Experts say chipmakers are suffering after misreading industry demand for their products. They invested heavily in 2016 and 2017 to ramp up production, but global orders for chips used in smartphones,…

3 min.
lyft loses money again but eyes profits in about 2 years

Lyft is still losing staggering sums of money as it barrels ahead with impressive revenue growth, but its executives said they believe the company will turn a corner and reach profitability in about two years. The ride-hailing heavyweight brought in $955.6 million in revenue in the third quarter, up 63% from the same time last year, the company said Wednesday. That beat expectations of analysts polled by FactSet. But San Francisco company lost $463.5 million in the quarter compared with a $249.2 million loss a year ago. More than half of the loss came from stock-based compensation and payroll tax expenses related to its initial public offering. On the bright side, Lyft’s executives emphasized they believe the company will turn a profit in the fourth quarter of 2021, a year earlier than they…

2 min.
hackers plead guilty in data breach that uber covered up

Two computer hackers have pleaded guilty to concocting an extortion scheme that entangled Uber in a yearlong cover-up of a data breach that stole sensitive information about 57 million of the ride-hailing service’s passengers and drivers. The pleas entered Wednesday in a San Jose, California, federal court by Brandon Charles Glover and Vasile Mereacre resurrected another unseemly episode in Uber’s checkered history. Glover, 26, and Mereacre, 23, acknowledged stealing personal information from companies that was stored on Amazon Web Services from October 2016 to January 2017 and then demanding to be paid to destroy the data. Uber met the hackers’ demand with a $100,000 payment, but waited until November 2017 to reveal that the personal information of both its riders and drivers around the world had fallen into the hands of criminals. U.S. Attorney…