Expectations are high for Apple as it publishes its first-quarter earnings, with analysts forecasting that it sold more than 65m iPhones in the three months to December. With the impact of China looming large but the iPad still looking weak, Tim Bradshaw and Sarah Mishkin bring the news, live updates and analyst reaction from San Francisco.
“Cardboard” is a funny thing to call a teleportation machine. But when paired with a smartphone and a willing suspension of disbelief, Google’s low-cost design for a virtual reality headset becomes just that. Read more
A German start-up is trying to change America’s reluctance to long-distance ride-sharing by partnering with Uber to make it more convenient, even in the sprawling US.
Munich-based carpooling is launching today in the US with an app that lets drivers offer spare seats to passengers for rides. The model has proven a hit in Europe, with multiple start-ups in the same field, but it has not taken off in the US, where cities are further apart and public transit within most cities fairly meager. Blablacar, carpooling’s French rival, told the Financial Times last week that it would not launch in the US. Read more
The Economist, the 171-year-old weekly magazine, is launching its first daily edition.
The new product, called The Economist Espresso, will be available from Friday via smartphone apps and email. It takes the form of a daily briefing that is designed to be read in a few minutes each morning, and is part of a drive to expand The Economist’s digital audience following the first circulation decline in more than a decade. Read more
The New York Times Company and Axel Springer are hoping that a little-known Dutch start-up called Blendle may hold the key to making money from news online.
The two media groups have paid a combined €3m to acquire a 23 per cent stake in Blendle, which was founded last year and styles itself as the “iTunes for journalism”.
Blendle was launched in the Netherlands in April and sells individual articles from a number of newspapers and magazines to internet users through its website and app. On average an article costs 20 cents. The pricing per article is set by the publishers and revenues are split 70:30 between the publisher and Blendle. If a reader doesn’t like an article, they can ask for a refund. Read more
First it was Vice, then came Buzzfeed. Now, Ozy has become the latest news start-up aimed at young, digital natives to ramp up its offering on the back of a new injection of cash.
The California company backed by German publisher Axel Springer and Laurene Powell Jobs, widow of Apple co-founder Steve Jobs, is stepping up advertising and has hired Jonathan Dahl to become news editor from the Wall Street Journal. Read more
Angry Birds may be in free fall but two of the executives most responsible for its success are spreading their wings.
Just days after the company behind Angry Birds cut 16 per cent of its workforce amid disappointing growth, two former Rovio executives are launching their first game backed with $5m of venture capital money.
Andrew Stalbow, former head of strategic partnerships at Rovio and now chief executive at Seriously, said he hoped Thursday’s launch of Best Fiends would be the start of creating a mobile phone-centred entertainment brand. Read more
Apple has invited reporters to an event on October 16, which is expected to see the debut of new iPads and Mac computers. Read more
Apple’s latest iPhone has been has been hailed as the thinnest and biggest mobile device it has created yet. But those qualities may have created an unexpected problem: the gadget may have a tendency to “bend”.
Lewis Hilsenteger of product review site Unbox Therapy has published a video that has gone viral (over 3m views and counting), in which he conducted a not-so-scientific “bend test” on the phone. Using his hands to apply pressure on the back of the device while pulling the edges back, he found that the device was warped.
“Will this happen in your front pocket?” asked Mr Hilsenteger. “That probably depends on how tight your pants are.”
After weeks of hype, Apple’s big day is finally here: the iPhone 6 goes on sale in the US, UK, Hong Kong and other key markets (though not China) on Friday.
As ever, the Apple faithful are lining up outside its stores, after supplies of its supersized iPhone 6 Plus were exhausted in online preorders within a matter of hours last week. Most analysts predict pent-up demand for upgrades will push iPhone sales to a new record.
“Big” is the operative word all round. Apple has lent the FT both of the new iPhones and, after an evening playing with both devices, one conclusion feels obvious: the iPhone 6 Plus is just too big. Read more
Don’t let anyone tell you that size doesn’t matter.
The first reviews are in for the latest iPhones and if there is one common obsession, it’s the undeniable fact that these are the largest iPhones Apple has ever made.
Here are a few highlights from reviewers’ first takes of the iPhone 6 and the supersized iPhone 6 Plus. (No sniggering at the back.) Read more
Expectations are high as Apple prepares for its biggest event since the launch of the iPad four years ago. At the Flint Center in its Cupertino backyard, Apple is expected to unveil not just new iPhones but a push into payments and wearable devices. Tim Bradshaw and Richard Waters bring live updates from the event, with input and insights from other FT reporters around the world.
Will the expected launch of a new iPhone later today – and perhaps an “iWatch” – give a boost to Apple’s share price or trigger a decline? Read more
By Jonathan Soble and Lindsay Whipp
OK, so you know selfies are a thing – who doesn’t? But what about encasing that selfie-taking mobile phone in a case shaped like a Chanel perfume bottle?
Meet the Smelfie (Perfume + Selfie) – a thing, apparently, among women in China. And it hasn’t escaped the notice of product designers at Sony. 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
Just four years old, Chinese smartphone maker Xiaomi has shot up sales rankings to become the top smartphone seller in China, the world’s largest smartphone market, according to data by Canalys, the technology research company.
In a report released this week the company said Xiaomi’s shipments in China grew 240 percent year on year, to 15.1m in the second quarter, write Charles Clover. 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