Apple hasn’t been paying much attention to its pro users lately, and the company finally seems to be owning up to it. Speaking to a small gathering of news outlets yesterday, including BuzzFeed, TechCrunch, and Daring Fireball, Apple acknowledged that it had been a while since the company put a focus on pro desktops, announced minor spec updates to the existing Mac Pro, and said that a new Mac Pro model is in the works. But perhaps most importantly, Apple admitted that its flashy 2013 Mac Pro redesign was a mistake, and executives indicated that Apple intends to better support its professional users in the future. “I think we designed ourselves into a bit of a thermal corner, if you will,” one of Apple’s top executives reportedly said. The small, trash can-shaped Mac Pro — which Apple marketing VP Phil Schiller once touted as evidence that the company could still innovate — was designed to fit two smaller graphics chips, but the industry didn’t … [Read more...] about Apple admits the Mac Pro was a mess
Apple repatriate profits
UPDATED with more material from AMC filings, 7:01 AM: AMC has been fighting tooth and nail for more than three years with former The Walking Dead showrunner Frank Darabont and CAA over money the ex-EP and his agency claim they are owed from the zombie apocalypse blockbuster. However, as filings by both sides made late last night in the $280 million case reveal, the cabler has recently been handing out more of the backend at the same time – even unexpectedly to Darabont and CAA. Put in context of the often perfidious case’s march towards a potential 2018 trial, the percentage of the Modified Adjusted Gross Receipts that TWD EP Greg Nicotero just received is small but not insignificant. In fact, according to the court papers filed tonight, Darabont and CAA were paid “more than $3 million, each, through March 31, 2017” as a side effect of sorts of the Nicotero agreement. This new license fee deal comes as both sides head towards a pivotal summary judgment … [Read more...] about ‘Walking Dead’ Lawsuit: Frank Darabont & CAA Hit AMC Over New Profit Payments – Update
Facebook closed the book on its scandal-plagued year on Wednesday, with strong fourth-quarter financial results that beat analyst expectations for earnings and revenue. The results highlighted how divorced Facebook’s business success is from its public reputation, which suffered another blow on Wednesday when Apple punished the app maker for violating its rules with a program that paid users as young as 13 to install an app that surveilled them. The company posted a record profit of $6.88bn for the final three months of 2018, compared with $4.27bn the year before, with revenue rising 30% to $16.64bn. Key usage metrics – daily active users and monthly active users – both saw 9% year-over-year growth. Facebook now estimates that it has 2bn daily active users of at least one of its entire “family” of apps – Facebook, Instagram, Messenger and WhatsApp. The positive results for revenue and user growth sent shares soaring 8% in after-hours trading. … [Read more...] about Facebook posts record profit despite year of scandal
WASHINGTON (Reuters) - From a denim plant in rural Georgia to a St. Paul, Minneapolis loudspeaker maker, nagging uncertainty over when President Donald Trump’s trade wars might end, if ever, is confounding many U.S. manufacturers. Employees are seen at work at Mountain View Mills, a privately owned company that produces denim at four sites across the South, in Trion, Georgia, U.S. December 3, 2019. Picture taken December 3, 2019. REUTERS/Elijah Nouvelage A strong consumer base is keeping the U.S. economy humming, but businesses are struggling to make crucial investment and hiring decisions given questions about relations with each of the top 10 U.S. trading partners. This month alone, Trump announced higher tariffs on U.S. imports of steel and aluminum from Argentina and Brazil here; threatened 100% tariffs on $2.4 billion of French cheese, Champagne and other goods here; and vowed to further hike tariffs on other European Union products over aircraft subsidies here … [Read more...] about Drowning in uncertainty: Trade questions slow investment, squeeze profits across U.S.
Music streaming in India won’t be the same again. Spotify, the most popular music streaming app in Europe and the Americas, is finalising its plans to launch in India – a market the Swedish firm has been eyeing for long despite a few failed attempts including the acquisition of local music streaming firms.The reason why Spotify has been desperate to enter India is simply the scale. Almost all of 1.3 billion Indians love listening to music. Lately, they are listening to music on handheld devices. In the past couple of years, many of them have moved from SD cards (used for storing music, videos, etc) to smartphones and feature phones for streaming music, thanks to the availability of cheap data.India has always been a big market for music, especially those used in movies. Spotify, without any doubt, will get a good number of users, especially for its basic music streaming service that comes free of cost (but with advertisements). But will it be able to convert users to its … [Read more...] about Opinion | Why India won’t be music to Spotify’s ears
Any list of the most-popular online TV services begins with Netflix, Amazon and Hulu. But after those comes an unlikely success story of the streaming revolution: CuriosityStream, a service for kids and adults that's devoted to subjects like science and nature. CuriosityStream, founded by Discovery Channel creator John Hendricks, has eclipsed 10 million subscribers, the company said Tuesday. That's more than ESPN+, HBO Now, CBS All Access or the WWE app, and up from just a million last December. Its growth offers a possible blueprint for the many small services pondering their fate now that Walt Disney Co., Apple, Comcast and AT&T are spending billions of dollars to compete with Netflix. CuriosityStream has outpaced competitors by embracing a model pioneered by cable TV. Rather than trying to market the service on its own, Hendricks and Chief Executive Officer Clint Stinchcomb have sold it to pay-TV operators who bundle it for their own video and internet customers. "From the … [Read more...] about CuriosityStream service quietly gathers more subscribers than HBO Now