Tag Archives: Seen
Apple’s shares were down almost $ 2, or 0.9% on Friday to $ 191.70 while the NASDAQ was up 10 or 0.14%. At the low point, the company’s shares were down almost $ 4 or 1.9%. The main driver for the stock’s weakness was a report from Nikkei Asian Review that the company would order 20% fewer new iPhones to be built vs. last years 100 million iPhone 8, 8 Plus and X orders.
The report from Nikkei says “For the three new models specifically, the total planned capacity could be up to 20% fewer than last year’s orders” and “The U.S. company last year placed orders to prepare for production of up to 100 million units of the new iPhone 8, iPhone 8 Plus and iPhone X, but this year Apple currently expects total shipments of only 80 million units for new models, two people said.”
There are a few unknowns from the report, which could make for an apples to oranges comparison.
- Does the order timeframe match the same months as last years?
- Does the 80 million match what was initially ordered for the 8, 8 Plus and X (which was reported to be decreased) or the final tally?
- The report also says “could be up to 20%”
- Over the years many production cut rumors have turned out to be false
- Earlier this year there were multiple reports, including from Nikkei, that the production for the iPhone X had been cut, which turned out to be incorrect or misleading to Apple’s results
- Depending on what new models are introduced, demand for older models including the 8, 8 Plus and especially the X could still be strong enough to make up for what is being implied as lower total sales
I don’t believe Nikkei has the best track record scooping Apple’s iPhone production and eventual sales . It was just on January 30 this year, two days before the company announced its December quarter results, that it predicted that iPhone X production would be cut by half for the March quarter.
When Apple announced its December quarter results the iPhone inventory levels were at the low-end of its 5 to 7 weeks target, and the March quarter revenue guidance of $ 60 to $ 62 billion bracketed the $ 61 billion estimate. The stock initially fell but after a week rallied and climbed above the price when Nikkei came out with its article.
Add to that Tim Cook saying the X had been the best selling iPhone “each and every week in the March quarter, just as they did following its launch in the December quarter.” These didn’t match well with an iPhone X cut.
All new iPhone models could be available in September
The Nikkei report included “Apple’s supply chain was told to prepare earlier for the two OLED models, in hopes of avoiding a delay similar to last year’s, two industry sources said.”
This actually makes sense. I’m not surprised that the iPhone X’s availability was later than the 8’s due to incorporating an OLED screen. Just because the iPhone’s cadence has essentially been every 12 months doesn’t mean that production systems can meet that timeframe when new technology is introduced. Now that Apple’s production partners have experience with manufacturing tens of millions of OLED iPhones, moving to the next version shouldn’t be as challenging.
Tim Cook’s warning
Even back in 2013, Tim Cook warned investors about putting too much credence into supply chain checks. On the January 2013 financial results conference call, he said, “I suggest its good to question the accuracy of any kind of rumor about build plans. Even if a particular data point were factual, it would be impossible to interpret that data point as to what it meant to our business. The supply chain is very complex and we have multiple sources for things. Yields can vary, supplier performance can vary. There is an inordinate long list of things that can make any single data point not a great proxy for what is going on.”
Telexistence Inc is a Tokyo-based robotic startup that I stumbled upon that made me think about the future of retail. Telexistence unveiled its first mass production prototype for Model H. The premise is simple, the drone is dormant until a user logs on with a VR headset and starts moving it around. While the kit in the video is bulky (and I am not sure why that is the case) in the future it’s likely to be as simple as logging into a social network. In a way, this is the future that Mark Zuckerburg wants and one I can see happen en mass if drones start to really take off.
Per the Telexistence website; “Telexistence® is a concept of using a remote robot as his or her extended being, to release humans from space-time constraints.” The ideas was first proposed by Dr. Susumu Tachi, Professor Emeritus Professor of the University of Tokyo in 1980. It is an evolutionary form of a master-slave robot system where the operator receives sensor information from the remotely located robot and controls the robot to conduct remote tasks. When I saw the video, I thought of ‘I,Robot‘ – the Will Smith movie mixed with ‘Surrogates’ (Bruce Willis). While Telexistence is more about going to places you can’t, the idea of an ‘extended being’ and ‘master-slave robot system’ just sounds way cool and will capture the imagination of brands and business around the world.
The system looks pretty simple (but obviously isn’t) and while it does feature elements like infrared 3D location measurement, VR and haptic devices the system isn’t made for out of home or office use (in case you were wondering). The robot is also battery powered although no specifics are given on the website so it – like VR – may not be for long periods of usage.
Apart from the obvious uses for people of reduced mobility, this system could also help the lazy or those that are annoyed by endless browsing…quite a large percentage of online shoppers. The Telexistence system also potentially limits returns if the system knows what will fit you, and what will not, based on measurements that a user could give it. When a 1/3 of shopping is returned, minimising this is a change worth making for many.
Best of all, the system could extend opening hours, essentially making a closed store operate 24-7 (even though the video does show a human shopworker). Equally, the “store” could be faked and simply an extension of the e-commerce functionality and the shipment could be sent from any warehouse or even couriered to the buyer. It’s all up for grabs at this stage as people fight for the last mile and how to beat Amazon.
Telexistence might just have given retailers looking to get an edge on Amazon a chance to move their business sideways before they are overtaken or replaced. Start testing it now, the price of VR is dropping and consumers like to shop – Telexistence might just be the tool retailers have been looking for that’s easy to implement.
NEW YORK (Reuters) – Soaring crypto-currency prices last year are estimated to result in U.S. tax liabilities of $ 25 billion, adding further selling pressure to these assets in the short term, according to a research note by Fundstrat Global Advisers on Thursday.
This could mean a massive outflow from crypto currencies to the dollar by April 15, the deadline for filing taxes this year, the firm said.
“We believe selling pressures (in crypto) have been amplified by capital gains tax-related selling this year,” said Thomas Lee, Fundstrat’s co-founder and head of research. Lee was formerly J.P. Morgan’s chief equity strategist from 2007 to 2014.
Still, Fundstrat believes the outlook for bitcoin should improve after the April 15 tax deadline. It reiterated its mid-year target of $ 20,000 and year-end forecast of $ 25,000.
Bitcoin in 2018 has lost more than 50 percent of its value, with other crypto currencies such as ether and ripple also hurt by intense regulatory scrutiny around the world.
Bitcoin last traded down nearly 2 percent at $ 6,673.53 on the Bitstamp platform. In December last year, bitcoin hit a record just shy of $ 20,000.
Virtual currencies led by bitcoin grew $ 590 billion in 2017 in terms of market value, compared with an $ 11 billion increase in 2016, Fundstrat said, estimating that 30 percent of crypto holders are in the United States.
The $ 25-billion tax liability accounts for 20 percent of the expected total tax payments for capital gains of around $ 168 billion in 2017, the research firm said. The projected tax liability is based on taxable gains for crypto of $ 92 billion, it added.
Fundstrat also said crypto exchanges posted record profit in November and December and are expected to have huge tax liabilities, which should add to further selling in crypto-currencies. Many of the exchanges have net income exceeding $ 1 billion in 2017 and keep their working capital in bitcoin and ether, the research firm added.
To meet these tax liabilities, exchanges need to sell bitcoin and ether.
Reporting by Gertrude Chavez-Dreyfuss; Editing by Bernadette Baum
Hasbro revealed a ton of new Marvel toys at Toy Fair this year—covering everything from the Marvel Cinematic Universe, to comic book favorites. The thing I might be most excited by however is this A-Force six pack, but with both Monica Rambeau and Elsa Bloodstone, it might as well be the Nextwave figure set of my…
Spider-Man made his Marvel Cinematic Universe debut in May’s Captain America Civil War but at Comic-Con, we finally got our first glimpse at his solo movie, Spider-Man: Homecoming—and a look at the movie’s villain, the Vulture (as seen in this keen concept art).
In 1964, the last time Tokyo hosted the Summer Olympics, the nation revealed one of the biggest mic drops in transportation history: the debut of the shinkansen, the world-famous bullet train that became a Japanese icon. The first high-speed train in the world, it spurred similar technology to spread to Europe and other East Asian nations, paving the way for current maglev trains and, arguably, the Hyperloop.