Apple has sent invites out to members of the media for a September 9 launch event at which it is expected to unveil new iPhones and potentially a new wearable device.
The looming launch of what pundits have dubbed the iWatch will make this Apple’s most closely watched event since Steve Jobs unveiled the iPad in 2010. Read more
The Kickstarter community has funded many innovations in the past few years.
The Pebble smartwatch raised $10.3m in 2012, shooting the starting gun on the wearables trend that Apple is about to leap into. The Oculus Rift virtual reality headset raised $2.4m, only to be acquired by Facebook for $2bn two years later. SmartThings raised $1.2m for its first connected-home kit before being snapped up by Samsung. New ideas like Hello’s Sense sleep-monitoring device just keep coming.
But one crowd-funded gadget this week emerged to trump them all. After two years at the top, Pebble has lost its crown as the most-funded Kickstarter of all time. And it has lost it to… a freezer box. Read more
The start-ups that took on the taxi industry are eyeing a new target: public transport.
The past 24 hours have seen Uber, Lyft and Sidecar all launch a new twist on their popular ride-sharing model: carpooling. The three San Francisco companies are letting some customers opt to share a ride with a perfect stranger going along the same route at the same time, for up to half the price of a solo journey. Read more
Fuseproject, the San Francisco design agency led by Yves Béhar, has agreed to sell a majority stake to China’s fast-growing marketing group BlueFocus.
Mr Béhar – whose designs can be seen in products from Jawbone, Puma and One Laptop Per Child – sat down with the FT to talk about the deal, the company he founded in 1999 and what happens next. The transcript has been edited for length. Read more
After the market closes on Tuesday, Apple releases its third quarter earnings for the three months to the end of June. Its stock price has risen by more than 20 per cent since it beat forecasts with its last quarterly numbers, taking it close to its-all time high. Can Apple repeat the trick in what are likely to be the last results before the next iPhones arrive, and push its stock to $100?
Here’s what Wall Street is looking for this quarter: Read more
Apple found itself again in the firing line of China’s state media on Friday, when CCTV accused its iPhones of threatening national security due to their location tracking features.
At a time when sensitivities over US government surveillance are at an all-time high and when Chinese smartphone manufacturers are taking on the iPhone like never before, there could be many ulterior motives for this latest attack.
Nonetheless, many iPhone owners outside China may also be surprised to know how much their device knows about where they have been – including its uncanny ability to guess where you live and work. Read more
Uber is wasting little time in putting last month’s huge $1.2bn fundraising to work. As it races for marketshare against not-quite-so-well-funded rivals such as Lyft, it has been cutting prices for its cheapest service, UberX, in several markets including its largest, the San Francisco Bay Area.
The fare reduction is flagged as temporary, which may be just as well: Fortune discovered that Uber is losing money on every fare by paying drivers more than it charges passengers, in order to boost their earnings and prevent them from switching to a more lucrative rival. Read more