During its first 10 days on the market in the US and China, Apple’s iPhone 17 outsold last year’s iPhone 16 by 14%, according to Bloomberg, citing Counterpoint Research. This data builds on other indicators suggesting the new iPhone is a relative hit.
Counterpoint credits the phone’s improved display, added storage, and the upgraded A19 chip for the sales boost, but we think it probably has more to do with a natural upgrade cycle.
Apple has pushed back the debut of its $3,000 foldable phone — part of its three-year plan to update how the iPhone looks — to 2029 or even later, Bloomberg reports. Originally Bloomberg reported that the iPhone maker had hoped for the foldable phone to come out in 2026, but thanks to “engineering challenges tied to weight, features and display technology” customers will have to wait a few years longer.
For what it’s worth, as is the case with its upcoming touchscreen MacBook Pro, many of Apple’s competitors, including Samsung and Google, already have foldable phones.
For what it’s worth, as is the case with its upcoming touchscreen MacBook Pro, many of Apple’s competitors, including Samsung and Google, already have foldable phones.
OpenAI is looking for its killer app for the business world. After all, you can only sell so many $20 monthly subscriptions to consumers — which currently accounts for 70% of its $13 billion annually recurring revenue.
Bloomberg is reporting that OpenAI is beefing up ChatGPT’s financial chops to target the deep pockets of the banking industry.
According to the report, “Project Mercury” has lined up over 100 former investment bankers getting paid $150 an hour to help teach OpenAI’s models how to do the grueling work of junior bankers, including tweaking PowerPoint slides and building financial models in Microsoft Excel.
According to the report, “Project Mercury” has lined up over 100 former investment bankers getting paid $150 an hour to help teach OpenAI’s models how to do the grueling work of junior bankers, including tweaking PowerPoint slides and building financial models in Microsoft Excel.
Warner Bros. Discovery, which announced today it’s open to being bought, also said it’s raising prices on its HBO Max streaming subscribers.
Effective immediately for new customers and at the next renewal date for existing ones, subscribers to the ad-supported tier will pay an extra dollar a month ($10.99) and those who don’t want ads will see prices go up $1.50 a month (to $18.49). It joins the ranks of Disney, Apple, and NBC Universal, which also recently raised prices. WBD is also reportedly cracking down on password-sharing.
Here’s how the prices of their services compare now:
Here’s how the prices of their services compare now:
Amazon might be one of few companies hiring ahead of the holiday season, but the e-commerce giant hopes to limit headcount additions in the years ahead as it leans more deeply into automation, according to The New York Times’ interviews and a survey of internal documents.
Some numbers from the report:
Amazon thinks robots can help it forgo hiring more than 160,000 people in the US by 2027.
That would mean $0.30 in savings on each item that Amazon sells.
The company would ultimately like to automate 75% of its operations.
Automation could potentially lessen its hiring of humans by more than 600,000 by 2033.
It expects to sell 2x as many products in 2033.
Currently Amazon employs 1.2 million people.
Happy holidays!
Amazon thinks robots can help it forgo hiring more than 160,000 people in the US by 2027.
That would mean $0.30 in savings on each item that Amazon sells.
The company would ultimately like to automate 75% of its operations.
Automation could potentially lessen its hiring of humans by more than 600,000 by 2033.
It expects to sell 2x as many products in 2033.
Currently Amazon employs 1.2 million people.
Happy holidays!
