Due to Apple iPhone X production cuts, Samsung faces a glut of OLED production capacity?

Because Apple announced that the average revenue per iPhone unit sold during the fiscal first quarter was higher than expected, it appeared that the iPhone X was selling better than believed. Prior to the earnings release, every other day we would get conflicting reports on how the tenth anniversary model was selling. This quarter, Apple has apparently scaled back production of its $1,000 handset, but whether the cut is as deep as feared is unknown.

A report recently published by Japan’s Nikkei says that Samsung has been hurt by Apple’s decision to cut production of the iPhone X. Samsung …


AT&T reports $20 billion tax cuts profit windfall, record low subscriber churn

The $1.5 trillion tax cuts that the government passed last month is beginning to look great for companies like AT&T or Verizon, which had a bunch of deferred taxes on their books. After Verizon announced it can now tack $17 billion in extra profit to its quarterly results, thanks to the new tax law, AT&T came out swinging, and booked $20 billion in Q4.

That’s right, the carrier will be having a windfall, but mostly on paper, as due to the capital-intensive nature of the carrier business, those taxes could have been put off indefinitely anyway. Still, the move to bring …

Apple publishes letter of apology, cuts price to replace certain iPhone batteries by 63% to $29

After Apple recently confirmed that it throttled the CPU speed of certain older iPhone models, the company today published an apology letter that it titled “A Message to Our Customers about iPhone Batteries and Performance.” In the letter, Apple acknowledges that customers might feel that Apple let them down. As a response to those who say that Apple is guilty of planned obsolescence, the company says that it would never do anything to shorten the lives of its products.

Apple is now being accused in lawsuits of purposely slowing down the performance of older iPhone handsets just when the …

The iPhone X order cuts news erase $14 billion off Apple's market cap

Yesterday’s supply chain heartbreaker of a story that Apple has cut its iPhone X orders by the whopping 40% – from 50 million to 30 million units – is making ripples with investors, it seems, as the tech giant’s stock started well in the red today. Apple saw about $14 billion of its market capitalization evaporate thanks to this rumor, so instead of running unabashedly towards the trillion dollar cap, it’s dipped well below $900 billion now.
All eyes will be on Apple’s first quarterly results after the iPhone X introduction, as the “all-screen” handset is supposed …

Analyst says Taiwan media is mistaken; rumored iPhone production cuts are for 8/8 Plus

Yesterday, we passed along some bad news for bulls on China’s equity markets; stocks of companies that supply Apple with parts for the iPhone X had lost as much as 40% of their value in a single day. What brought on such a rush of selling? It was a rumor that Apple had cut production of the tenth anniversary model by 20 million to 30 million units. But today, an analyst with securities firm Rosenblatt says that this rumor is incorrect.

Analyst Jun Zhang says that his firm’s research reveals no such production cut is taking place with the Apple iPhone X, and that Taiwan’s media is a bit confused. …

Thanks, GOP! AT&T will give employees $1000 holiday bonuses when tax cuts pass

It’s not only T-Mobile that will benefit from the tax cut bonanza that Congress and Senate just passed, AT&T employees could feel the love, too. There seems to be a concerted effort to prove the trickle-down economic theory right, as many companies announced they will invest in the US and/or give employees bonuses if the tax reform passes before Christmas. We don’t know what kind of hand-twisting has been going on behind the curtain, but AT&T was one of the first to bring the good news. Besides $1 billion in new US investments, AT&T said that it will be able to give $1000 to more than …

Verizon cuts the price of nearly all Moto Mods by 50%

If you, or someone on your holiday shopping list owns a Moto Z or Moto Z2 series phone, you might want to mosey on down to your nearest Verizon store. There, nearly all Moto Mods are priced at 50% off. And that even includes the brand new Polaroid Insta-Share Printer Mod, which is $100 off at $99.99. The Insta-Share Projector is priced at $149.99 following a $150 discount, and even the price of the new Amazon Alexa Smart Speaker Moto Mod has been sliced in half to $74.99.

If you’ve been waiting for Moto Mod prices to drop like stock prices in the Crash of 1929, this is about as close as …

Y Combinator cuts ties with Peter Thiel

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Silicon Valley startup accelerator Y Combinator has cut ties with Peter Thiel, BuzzFeed reported

The billionaire PayPal founder joined the accelerator as a part-time partner in 2015. Since then, he’s become better-known outside the tech world for funding the lawsuit that took down Gawker and for his support of Donald Trump. 

Back in 2015, Y Combinator president Sam Altman said he was “delighted” to welcome Thiel and that he was “confident that Peter joining will be great for YC.” The blog post announcing Thiel’s start at Y Combinator now bears an editor’s note that says, “Peter Thiel is no longer affiliated with Y Combinator.”  Read more…

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Analyst cuts his forecast of 2017 Apple iPhone X production by 10%

According to a tech executive who is “in the know” when it comes to the production of the Apple iPhone X, the complex 3D sensors used on Face ID are still causing a major problem in the manufacturing of the device. Not terribly long ago, a financial newswire said that Apple’s yield for the iPhone X was 10%. To put that in perspective, it means that 90% of the units rolling off of the assembly line are failing to meet Apple’s standards. 

The anonymous tech executive says that the dot projector, part of the TrueDepth Camera system, is responsible for the production delays. This is seconded …

KGI cuts its Apple iPhone X shipping estimates for Q3 and all of 2017


Last month, KGI’s superb Apple analyst Ming-Chi Kuo (who had the best iPhone X leak of the year back in February) predicted that Apple would ship 2 million to 4 million units of the Apple iPhone X during the third quarter. For all of 2017, Kuo said that Apple would deliver 45 million to 50 million iPhone X handsets. But now, after Apple has announced that the tenth anniversary iPhone model won’t ship until November 3rd, KGI (and presumably Ming-Chi Kuo) has made some changes to its forecast.

With pre-orders of the Apple iPhone X not beginning until October 27th, Apple will actually ship …