Apple Forecasts Falling Revenues Since 2013
For the first time in more than a decade, Apple has forecasted a decline in sales. This further reinforces the observation that the smart phone market has reached saturation. According to Apple, the revenue for the first three months of 2016 will be between $50 billion & $53 billion, way under the previously estimated $55 billion. This further cements the concern that Apple has reached the peak of iPhone growth, a thought that has lead stocks to fall 20% this month.
63% of Apple’s entire revenue comes from smart phone sales. The rest of Apple’s products don’t even come close to being as profitable as the iPhone. The MacBook and iPad only brings in 13% and 8% of the total revenue respectively. Other products, comprising of the Apple Watch, iPod, Beats and headphones, are only worth 6% in total. Apple’s reliance on the iPhone and the Chinese market is a big worry for investors. The unstable Chinese economy has had staggering effects on the rest of the world. With most of Apple’s profits coming in from the Chinese markets, if China falls, Apple will most likely go down with it.
Bye-Bye Google Glass
It seems that Google Glass had bid adieu to the internet. The company behind Google Glass has been fairly quiet about the product for the past couple of the months. Now it seems that all social media accounts owned by the Google Glass have been taken down. Google+ was the only account that gave a farewell message.
“Hi Explorers, we’ve had a blast hanging out with you on G+ throughout the Explorer Program. From now on, if you have any questions about your Glass, you can get in touch with us here.” The account then gave a link to Google’s support page for Glass.
Since its launch in 2013, Google Glass was not a wildly popular product. Customers complained that it made it too easy for the user to record others without permission. Others thought it was too overpriced and out of reach.
Google has decided to discontinue the consumer version of the product and instead sell them to surgeons as a specialist tool.
Hooray for Facebook
Facebook has exceeded expectations with a 52% jump in quarterly revenue as it made the decision to sell more mobile focused ads. Facebook is now in a strong enough position to challenge Google as the Internet’s most powerful company. Although Google is still three times larger by revenue, Facebook is rapidly closing the gap. In addition, Facebook has its fingers dipped in lots of other projects such as virtual reality and artificial intelligence. However, social networking remains the heart and center of Facebook; in the final three months of 2015, Facebook signed on a further 46 million users!
Uber has accidently shared the personal information of one of their drivers. When several other drivers logged on to the website to download their 1099s, they were accidently sent the Florida drivers 1099. This contained her social security number, address, tax ID and earnings. Uber has confirmed that other drivers were not compromised and stated that the data breach happened due to a ‘bug’. Uber has said that the tab allowing partners to download their tax information will be disabled until the problem can be solved. Furthermore, Uber will also help the Florida driver with credit monitoring until the issue is taken care of.
This was not the first time a driver’s personal data was let loose. In May 2014, the names and license numbers of thousands of drivers were stolen. In another incident, tax information of thousands of other drivers was released on the website.