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szczys writes: Even tiny slowdowns have major ramifications on automated stock trading. To put the computing power as close to the markets as possible, microwave links (point-to-point links via dedicated microwave dishes) connect Wall Street to server installations in New Jersey. Hot weather, especially when accompanied by high humidity, slows those links down enough to make an impact on trading. From a report via Hackaday: "For short-haul links around the financial centers in New York, though, dedicated network links are favored for low-latency connections. Rather than trusting their trades to the vagaries of the internet and risk an unfavorable routing path or a cable severed by an errant backhoe, high-frequency trading firms often rely on microwave links to exchange information. [...] As it turns out, those microwave connections are the weak link in the system. During the early July heatwave, the links were experiencing slight delays in transmission times over that 16-mile path and throwing off the timing of the trading algorithms. The delay was minuscule -- on the order of 10 microseconds -- but in a business where millions are made and lost in seconds, that's substantial." Last month, Bloomberg reported that high humidity was impeding radio transmissions among three New Jersey data centers where U.S. stocks trade. According to a note Nasdaq sent customers, it took about 8 microseconds longer to send info from the stock exchange's facility in Carteret to the New York Stock Exchange data center in Mahwah, and an extra 2 microseconds to send data to Cboe Global Markets' exchange in Secaucus.

Apple has long struggled to gain market share in India, the world's second largest smartphone market. But now, it apparently plans to change that. Before we get into it, here is some disclaimer: Rumors of Apple's intentions to improve its presence in India are nearly as old as Apple's existence. From Bloomberg: Instead of officially lowering its prices, Apple is in talks with retailers and banks to offer holiday deals all year round, according to people familiar with the plans. Those people say Apple is also asking some individual stores to more than quadruple sales targets, to 40 or 50 iPhones a week, and plans to cut off retailers that consistently fail to hit the mark. Retail sales staff will be trained to teach customers how to use their devices, and Apple intends to overhaul in-store branding and product displays. Executives would conduct daily conference calls with stores to gauge progress.

Apple hopes to start opening stores in India next year and eventually set up three in New Delhi, Bengaluru (formerly known as Bangalore), and Mumbai, according to the people familiar with the company's plans. The government has long required foreign companies opening shops to manufacture 30 percent of their products locally, but it said in January that businesses can reduce that requirement by sourcing more Indian goods for their global operations. Apple now builds some of its India-aimed iPhone SE and 6s models in Bengaluru; it's unclear whether the company plans to take advantage of the revised policy or try to hit the 30 percent mark. The report adds that Apple has India in its mind as it revamps many of its services.

"Corporate America's love affair with all things blockchain may be cooling," reports Bloomberg. An anonymous reader quotes their report. [Alternate version here.] A number of software projects based on the distributed ledger technology will be wound down this year, according to Forrester Research Inc. And some companies pushing ahead with pilot tests are scaling back their ambitions and timelines. In 90 percent of cases, the experiments will never become part of a company's operations, the firm estimates. Even Nasdaq Inc., a high-profile champion of blockchain and cryptocurrencies, hasn't moved as quickly as hoped. The exchange operator, which talked in 2016 about deploying blockchain for voting in shareholder meetings and private-company stock issuance, isn't using the technology in any widely deployed projects yet...

"The disconnect between the hype and the reality is significant -- I've never seen anything like it," said Rajesh Kandaswamy, an analyst at Gartner Inc. "In terms of actual production use, it's very rare...." Only 1 percent of chief information officers said they had any kind of blockchain adoption in their organizations, and only 8 percent said they were in short-term planning or active experimentation with the technology, according to a Gartner study. Nearly 80 percent of CIOs said they had no interest in the technology. Many companies that previously announced blockchain rollouts have changed plans
Problems include the fact that most blockchains "also can't yet handle a large volume of transactions," and worries about compatibility with other software -- which some hope to address next year with software certification testing. But at least two big tech companies are aggressively pushing blockchain.

"So far, IBM and Microsoft have grabbed 51 percent of the more than $700 million market for blockchain products and services, WinterGreen Research Inc. estimated earlier this year,"

Google wants to get back into China, and is laying the groundwork for a key part of the initiative: bringing its cloud business to the world's second-largest economy. Bloomberg: The internet giant is in talks with Tencent Holdings, Inspur Group and other Chinese companies to offer Google cloud services in the mainland, according to people familiar with the discussions. They asked not to be identified discussing private matters. The talks began in early 2018 and Google narrowed partnership candidates to three firms in late March, according to one of the people. Trade tensions between China and the U.S. now loom over the effort. It's unclear if the plans will proceed, this person said.

The goal is to run Google internet-based services -- such as Drive and Docs -- via the domestic data centers and servers of Chinese providers, similar to the way other U.S. cloud companies access that market. In most of the rest of the world, Google Cloud rents computing power and storage over the internet, and sells a collection of workplace productivity apps called G Suite that are run on its own data centers. China requires digital information to be stored in the country and Google has no data centers in the mainland, so it needs partnerships with local players. Further reading: Google Plans To Launch Censored Search Engine In China, Leaked Documents Reveal.

Disney is reportedly having trouble buying back TV rights to "Star Wars" movies from AT&T's Turner Broadcasting so that it can offer them on a new streaming video service it is working on. Bloomberg reports: Disney made a preliminary inquiry about regaining the rights, but met resistance. Turner has the rights to show the films on its cable networks, which include TNT and TBS, and online until 2024. The programmer would want financial considerations and programming to replace the lost films. Disney sold certain rights to Turner in 2016, before it completed plans for the streaming service.

Apple became the first $1 trillion publicly listed U.S. company on Thursday, crowning a decade-long rise fueled by its ubiquitous iPhone that transformed it from a niche player in personal computers into a global powerhouse spanning entertainment and communications. Reuters: The tech company's stock jumped 2.8 percent, bringing its gain to about 9 percent since Tuesday when it reported June-quarter results above expectations and said it bought back $20 billion of its own shares. "Apple's $1 trillion cap is equal to about 5 percent of the total gross domestic product of the United States in 2018," David Kass, professor of finance at the University of Maryland, told The Washington Post. "That puts this company in perspective." The company's fortunes were turbocharged by the launch of personal gadgets such as the iPod in 2001 and the iPhone in 2007. Since then 18 different iPhones have been launched and more than 1.2 billion of the devices have been sold.

Brad Stone, writing for Bloomberg: As critics enjoy pointing out, the company under Cook has failed to come up with another iPhone-type hit. But that's like saying da Vinci never came up with another Mona Lisa-type painting. The release of the iPhone is up there with the founding of Standard Oil as one of the greatest business moves of all time. And while the iPhone has altered daily life so much that no one remembers life before it, Apple has also persuaded customers to embrace other inventions they never knew they wanted, such as connected watches that buzz and beep (to cure the distraction of the phone, Apple says) and wireless dongles that hang ridiculously from their ears.

Apple isn't alone on this mountaintop. Amazon.com, Alphabet, and Microsoft are likely at some point to pinwheel across the $1 trillion finish line, too, and they're almost as good as Apple at manufacturing customer desire. No one told Amazon they needed a speaker they could talk to, or Google a self-driving car, or Microsoft a ... OK, it's been a while since Microsoft has driven civilians wild with desire.

Something interesting happened in Swedish finance last quarter. The only big bank that managed to cut costs also happens to be behind one of the industry's boldest plans to replace humans with automation. From a report: Nordea Bank AB, whose Chief Executive Officer Casper von Koskull says his industry might only have half its current human workforce a decade from now, is cutting 6,000 of those jobs. Von Koskull says the adjustment is the only way to stay competitive in the future, with automation and robots taking over from people in everything from asset management to answering calls from retail clients. While many in the finance industry have struggled to digest that message, the latest set of bank results in Sweden suggests that executives in one of the planet's most technologically advanced corners are drawing inspiration from Nordea. At SEB AB, CEO Johan Torgeby now says that "whatever can be automated will be automated."

pacopico writes: First World View hung Google SVP Alan Eustace at the end of a balloon and then dropped him 135,908 feet back to Earth. Then, it sent a KFC chicken sandwich to the edge of space. Now, World View has figured out how to get high-altitude balloons to sail winds in the stratosphere and travel for thousands of miles. They're being used to take detailed pictures of the Earth, send communications to far off places and learn more about the weather.

This strange company was founded by two people who lived in Biosphere 2, and they say they're doing all this balloon work to get people to think differently about the planet. In a few years, they plan to send people up to the edge of space in a capsule and let them hang out for a couple hours, while they sip cocktails and reflect on life or something like that.
The flights would cost $75,000 per person -- the money from KFC is already being used to build new software (along with sensors, and of course, durable balloons). Bloomberg Businessweek reports: Since the Zinger, it's conducted more than 50 flights, primarily for the U.S. government, and kept its balloons up in the air for many days at a time. "People want us to do things like sit over the Red Sea and Indian Ocean and look for pirates," says Taber MacCallum, co-founder and chief technology officer. The company plans to start flying for commercial clients early next year. "Basically, our mission is to take over the stratosphere," he says.
Interestingly, Elon Musk also asked MacCallum's first company to design a greenhouse for Mars.

An anonymous reader quotes a report from Bloomberg: A U.S. jury awarded International Business Machines Corp. $83.5 million after finding that Groupon Inc. infringed four of its e-commerce patents. Friday's verdict cements the prowess of IBM's portfolio of more than 45,000 patents and is a boon to its intellectual-property licensing revenue, which brought in $1.19 billion in 2017. The jury in Wilmington, Delaware, sided with the argument of IBM's lawyers, who had said Groupon was trying to portray IBM as claiming to have patented the Internet and had called that effort "a smoke screen." As they began the trial, IBM's lawyers said Groupon built its online coupon business on the back of IBM's e-commerce inventions without permission.

[T]he patents at issue don't protect IBM's products or services, said David Hadden, Groupon's lawyer. IBM never used the patents and instead relies on its huge portfolio to extract money from other companies, he said. Two of the patents, one of which expired in 2015, came out of the Prodigy online service, which started in the late 1980s and predated the web. Another, which expired in 2016, is related to preserving information in a continuing conversation between clients and servers. The fourth patent is related to authentication and expires in 2025, the latest among the case's patents. IBM stressed throughout the trial that a range of companies have paid for licenses to use its patents. Tech giants such as Amazon, Alphabet's Google, Facebook, Twitter, and LinkedIn have paid from $20 million to $50 million each in cross-licensing agreements, allowing them access to IBM's cadre of more than 45,000 patents.

Facebook is experiencing one its worst days as a publicly traded company. According to CNBC, Facebook lost about $119 billion of its value on Thursday, marking the biggest one-day loss in U.S. market history. From the report: The company's shares plunged $41.24, or almost 19 percent, to $176.26 a day after the social media giant reported disappointing results. The slide is the largest decline in market capitalization in history, exceeding Intel's $91 billion single-day loss in September 2000, according to Bloomberg data. Founder and CEO Mark Zuckerberg saw his fortune drop by $15.9 billion to roughly $71 billion. His personal loss alone, if only on paper, exceeds the value of companies such as Molson Coors and Macy's, which have market values of $14 billion and $12 billion, respectively. Investors were spooked by Facebook's forecast showing that its number of active users is growing less quickly than expected, while the company also took a hit from Europe's new privacy laws.

U.S. law enforcement agencies are increasingly asking technology companies for access to digital evidence on mobile phones and apps, with about 80 percent of the requests granted, a new study found. From a report: The report released Wednesday by the Center for Strategic and International Studies found local, state and federal law enforcement made more than 130,000 requests last year for digital evidence from six top technology companies -- Alphabet's Google, Facebook, Microsoft, Twitter, Verizon' media unit Oath and Apple. If results from telecom and cable providers Verizon, AT&T, and Comcast are added in, the number jumps to more than 660,000. The requests covered everything from the content of communications to location data and names of particular users. "The number of law enforcement requests, at least as directed at the major U.S.-based tech and telecom companies, has significantly increased over time," the Washington-based think tank found. "Yet, the response rates have been remarkably consistent."

Atlassian is selling its corporate chat software to rival Slack Technologies and taking a small stake in the startup, as they face greater competition from Microsoft. From a report: Slack will pay an undisclosed amount over the next three years to acquire Atlassian's HipChat and Stride products, chief executives from both companies said. Slack CEO Stewart Butterfield described both the payment and the investment by Atlassian in his company as "nominal" in financial terms but important strategically. He declined to elaborate on the former. The deal gives Slack, valued at north of $5 billion, more customers, most of whom pay a monthly service fee, and allows Atlassian to exit a business that failed to generate as much demand as expected. Combining the two businesses bolsters Slack at a time when Microsoft is pushing a rival product called Teams to some 135 million Office cloud customers. Microsoft introduced a free version of Teams this month in a bid to lure people who don't subscribe to Office 365.

Russian President Vladimir Putin's gift of a soccer ball to U.S. President Donald Trump last week set off a chorus of warnings -- some of them only half in jest -- that the World Cup souvenir could be bugged. Republican Senator Lindsey Graham even tweeted, "I'd check the soccer ball for listening devices and never allow it in the White House." It turns out they weren't entirely wrong. From a report: Markings on the ball indicate that it contained a chip with a tiny antenna that transmits to nearby phones. But rather than a spy device, the chip is an advertised feature of the Adidas AG ball. Photographs from the news conference in Helsinki, where Putin handed the ball to Trump, show it bore a logo for a near-field communication tag. During manufacturing, the NFC chip is placed inside the ball under that logo, which resembles the icon for a WiFi signal, according to the Adidas website. The chip allows fans to access player videos, competitions and other content by bringing their mobile devices close to the ball. The feature is included in the 2018 FIFA World Cup match ball that's sold on the Adidas website for $165 (reduced to $83 in the past week).

Every day, tens of thousands of people stream into Google offices wearing red name badges. They eat in Google's cafeterias, ride its commuter shuttles and work alongside its celebrated geeks. But they can't access all of the company's celebrated perks. They aren't entitled to stock and can't enter certain offices. Many don't have health insurance. Bloomberg: Before each weekly Google all-hands meeting, trays of hors d'oeuvres and, sometimes, kegs of beer are carted into an auditorium and satellite offices around the globe for employees, who wear white badges. Those without white badges are asked to return to their desks. Google's Alphabet employs hordes of these red-badged contract workers in addition to its full-fledged staff. They serve meals and clean offices. They write code, handle sales calls, recruit staff, screen YouTube videos, test self-driving cars and even manage entire teams -- a sea of skilled laborers that fuel the $795 billion company but reap few of the benefits and opportunities available to direct employees.

Earlier this year, those contractors outnumbered direct employees for the first time in the company's twenty-year history, according to a person who viewed the numbers on an internal company database. It's unclear if that is still the case. Alphabet reported 89,058 direct employees at the end of the second quarter. The company declined to comment on the number of contract workers.

Toronto's tech scene is so hot the city created more jobs than the San Francisco Bay area, Seattle and Washington, D.C., combined last year, while leapfrogging New York in a ranking of "talent markets." From a report: Toronto was the fastest-growing tech-jobs market in 2017, according to CBRE Group's latest annual survey, released Tuesday. The city saw 28,900 tech jobs created, 14 percent more than in 2016, for a total of more than 241,000 workers, up 52 percent over the past five years, CBRE said. Downtown, tech accounted for more than a third of demand for office space. Canada's biggest city took fourth place in "tech talent," a broad measure of competitiveness, pushing New York down a notch and coming in just after the Bay Area, Seattle and the U.S. capital. CBRE ranked 50 markets across North America, using measures such as talent supply, concentration, education and cost as well as outlooks for job and rent growth for both offices and apartments. The real estate services firm cited some 5 million technology workers in the U.S. and more than 830,000 in Canada, across all sectors.

An anonymous reader shares a report: Apple's iPhone 8, iPhone 8 Plus and $1,000 iPhone X trail the latest smartphones from Samsung Electronics and Alphabet's Google in download speeds, according to data from Ookla, a company that provides the most popular online service for measuring the speed of an internet connection with its Speedtest app and website. Faster internet data means that users can load websites and start watching movies more quickly, make crisper video calls and get higher-quality video.

[...] Ookla's data are important because they are created by users -- not in a corporate lab -- and encompass the range of random real-world conditions that affect performance like distance from cellular towers and network congestion. Ookla said it hosts millions of tests a day and has done 20 billion in total.

[...] The speed-test data, reviewed by Bloomberg, show that Samsung's Galaxy S9 phones had an average download speed -- across carriers in the U.S. -- of 38.9 megabits per second, based on about 102,000 tests over the past three months. The larger model, the S9+, delivered speeds of 38.4 Mbps, according to a sample size of about 169,000 phone connections. The iPhone X on average downloaded data at 29.7 Mbps, based on a 603,000 tests. The iPhone 8 Plus and iPhone 8 were close behind with speeds of 29.4 Mbps and 28.6 Mbps, respectively.

Los Angeles startups Arrivo and Hyperloop Transportation Technologies have reportedly secured financing from Chinese state-backed companies. "Lining up potential funding helps solve one of the biggest obstacles for hyperloop systems: They will be extremely expensive to build," reports Bloomberg. From the report: Arrivo, founded by a former senior engineer at Elon Musk's Space Exploration Technologies Corp., said it secured a $1 billion credit line with Genertec America Inc., a subsidiary of a Chinese state-owned entity based in Beijing that has helped finance and build high-speed rail and other infrastructure projects in Iran, Turkey and elsewhere. The credit line will go to backers of a future project using Arrivo technology, not to the startup itself. [The Genertec debt could be used to construct a project using the company's technology anywhere in the world, not necessarily in China.] Separately, Hyperloop Transportation Technologies said it plans to work on a 10-kilometer test track in Tongren, part of China's Guizhou province, at an initial cost of about $300 million. State entity Tongren Transportation & Tourism Investment Group will provide half the funds and seek private investors for the other half, HyperloopTT said. The precise route is yet to be determined.

Best Buy is turning to in-home consultants to help distinguish it from Amazon. The advisors act as "personal chief technology officers," helping people make their homes smart or merely more functional. "Unlike the Geek Squad and blue shirts working in stores, they'll be paid an annual salary instead of an hourly wage," reports Bloomberg. "Their house calls are free and can last as long as 90 minutes. [...] They're supposed to establish long-term relationships with their customers rather than chase one-time transactions." From the report: With more than 1,000 big-box stores in North America and about 125,000 employees, Best Buy was supposed to have succumbed to the inevitable. "Everyone thought we were going to die," says Hubert Joly, who was hired as chief executive officer in August 2012 after profits shrunk about 90 percent in one quarter and his predecessor resigned amid an investigation into his relationship with an employee. Instead, Best Buy has become an improbable survivor led by an unlikely boss.

The in-home advisors went national in September. When one of the trainees at the session in Minneapolis asked Joly how big he hoped the program could become, he said: "I don't have a specific goal. I don't think it would be helpful. McKinsey never had a goal of how many clients. It was how good was the work." Another employee said: "This is why Amazon can't compete with us. They can't dispatch an army of in-home agents." Joly wasn't as sure. "Amazon is an amazing company," he replied. "They kill companies. Maybe they will do this. But we have an incredible opportunity. If someone wants to copy, that's fine." Amazon has started offering free smart-home consultations and installations. It doesn't have a chain of big-box stores in which to meet customers, but that didn't bother investors. Best Buy's stock dropped 6.3 percent when Amazon announced its plans a year ago.

A day after the European Commission fined Google over Android, more details about Fuchsia, a new operating system the company has been working on for several years has emerged. From the report: But members of the Fuchsia team have discussed a grander plan that is being reported here for the first time: Creating a single operating system capable of running all the company's in-house gadgets, like Pixel phones and smart speakers, as well as third-party devices that now rely on Android and another system called Chrome OS, according to people familiar with the conversations. According to one of the people, engineers have said they want to embed Fuchsia on connected home devices, such as voice-controlled speakers, within three years, then move on to larger machines such as laptops. Ultimately the team aspires to swap in their system for Android, the software that powers more than three quarters of the world's smartphones, said the people, who asked not to be identified discussing internal matters. The aim is for this to happen in the next half decade, one person said.

But Pichai and Hiroshi Lockheimer, his deputy who runs Android and Chrome, have yet to sign off on any road map for Fuchsia, these people said. The executives have to move gingerly on any plan to overhaul Android because the software supports dozens of hardware partners, thousands of developers -- and billions of mobile-ad dollars. [...] Still, Fuchsia is more than a basement skunkworks effort. Pichai has voiced his support for the project internally, said people familiar with the effort. Fuchsia now has more than 100 people working on it, including venerated software staff such as Matias Duarte, a design executive who led several pioneering projects at Google and elsewhere. Duarte is only working part-time on the project, said one person familiar with the company.

A secretive Australian startup called Zoox (an abbreviation of zooxanthellae, the algae that helps fuel coral reef growth) is working on an autonomous vehicle that is unlike any other. Theirs is all-electric and bidirectional, meaning it can cruise into a parking spot traveling one way and cruise out the other. It can make noises to communicate with pedestrians. It even has displays on the windows for passengers to interact with. Bloomberg sheds some light on this company, reporting on their ambitions to build the safest and most inventive autonomous vehicle on the road: Zoox founders Tim Kentley-Klay and Jesse Levinson say everyone else involved in the race to build a self-driving car is doing it wrong. Both founders sound quite serious as they argue that Zoox is obvious, almost inevitable. The world will eventually move to perfectly engineered robotic vehicles, so why waste time trying to incorporate self-driving technology into yesteryear's cars? Levinson, whose father, Arthur, ran Genentech Inc., chairs Apple Inc., and mentored Steve Jobs, comes from Silicon Valley royalty. Together, they've raised an impressive pile of venture capital: about $800 million to date, including $500 million in early July at a valuation of $3.2 billion. Even with all that cash, Zoox will be lucky to make it to 2020, when it expects to put its first vehicles on the road.

An anonymous reader quotes a report from Bloomberg: Munro & Associates, a small Detroit-area firm that disassembles new cars and analyzes them down to the nuts and bolts, came out in April with damning findings that the Model 3 was poorly built and -- even worse for Tesla's long-term outlook -- costly to build. On that second point, at least, founder Sandy Munro has reversed course. Upon further analysis, his firm has found that the sedan can be profitable. It may even have the potential to make a 30 percent margin, which would be unmatched by any other other battery-powered vehicle. Munro said the systems that impressed him most were the tight integration of circuit board components, which he calls "a symphony of engineering," and the efficiency of the battery developed by Tesla and Panasonic Corp. Munro also pointed to a comprehensive side-by-side comparison of the parts and materials used by the Model 3, General Motors Co.'s Chevrolet Bolt, and BMW AG's i3, in which the Model 3 comes out favorably. The report echoes a teardown published in June by German magazine WirtschaftsWoche, which found that the Model 3 costs about $28,000 to build -- $18,000 for materials and $10,000 for production.

An anonymous reader quotes a report from Bloomberg: Jeff Bezos is the richest person in modern history. The Amazon founder's net worth broke $150 billion in New York on Monday morning, according to the Bloomberg Billionaires Index. That's about $55 billion more than Microsoft co-founder Bill Gates, the world's second-richest person. Bezos, 54, has now topped Gates in inflation-adjusted terms. The $100 billion mark that Gates hit briefly in 1999 at the height of the dot-com boom would be worth about $149 billion in today's dollars. That makes the Amazon chief executive officer richer than anyone else on earth since at least 1982, when Forbes published its inaugural wealth ranking. Bezos crossed the threshold just as Amazon prepares to kick off its 36-hour summer sales event, Prime Day. The company's share price was $1,825.73 at 11:10 a.m. in New York, extending its 2018 gain to 56 percent and giving Bezos a $150.8 billion fortune. A little more than a week ago, Facebook co-founder Mark Zuckerberg overtook Warren Buffett to become the world's third-richest person.

It's not just you. Amazon Prime Day started 15 minutes ago, and so far, it's not going well for Amazon. From a report: The landing page for Prime Day does not work. When most links are clicked, readers are sent to an error page or to a landing page that sends readers back to the main landing page. Direct links to the product pages, either from outside links or the single product placement on the landing page, seem to work fine. This is a huge blow to Amazon and its faux holiday Prime Day. The retailer has been pushing this event for weeks and there are some great deals to be had. It's not a good look for the world's largest retailer. Both the desktop website and mobile app are facing glitches, users said. Prime Day, which began just now, is a 36-hour shopping event. CNBC reports: Some users saw an error page featuring the "dogs of Amazon" and were never able to enter the site. Some got caught in a loop of pages urging them to "Shop all deals." Clicking the entry link for a specific category returned the user to the first page urging them to "Shop all deals." Some users successfully added items to their cart, only to receive an error message when trying to checkout and complete the purchase. Business Insider reports that several customers are threatening Amazon that they would cancel their Prime membership if the company is unable to resolve the glitches soon. Bloomberg offers some context on the significance of the any outrages on Amazon's website today: Trouble on the site spiked when the event began at 3 p.m. Eastern time, according to Downdetector.com, which monitors web trouble. Shoppers were expected to spend $3.4 billion on the site during the event, up more than 40 percent from a year earlier, according to Coresight Research.

Facebook is trying to get Instagram users to visit its site more often by further entwining the two services. According to Instagram user Spencer Chen, the Instagram app prompted him to check out a friend's new photo on Facebook. "Chen grabbed a screenshot and posted the notification on the internet, calling it a cry for attention by the older social network," reports Bloomberg. From the report: Instagram says what Chen experienced was a product test with a small contingent of users. Still, Instagram feeds Facebook in other ways. Last year, Facebook launched its own version of an Instagram tool called Stories, which lets people post videos that disappear within 24 hours. (The feature was initially copied from Snap Inc., a competitor.) Greenfield noticed the Facebook version became more popular once it became possible for Instagram users to post their stories in both places with the click of a button. Instagram Stories' 400 million users present a significant opportunity for Facebook's advertising business, according to Ken Sena, an analyst at Wells Fargo Securities. Instagram is on track to provide Facebook with $20 billion in revenue by 2020, about a quarter of Facebook's total, he wrote to investors. And cross-posting could help Facebook's video ambitions.

Thursday Elon Musk gave a surprisingly candid interview about Tesla's massive push to increase production of Model 3 sedans to 5,000 a week. An anonymous reader quotes Musk's remarks to Bloomberg: I spent almost the entire time in the factory the final week, and yeah, it was essentially three months with a tiny break of like one day that I wasn't there. I was wearing the same clothes for five days. Yeah, it was really intense. And everybody else was really intense, too... I think we had to prove that we could make 5,000 cars in a week -- 5,000 Model 3s and at the same time make 2,000 S and X's, so essentially show that we could make 7,000 cars. We had to prove ourselves. The number of people who thought we would actually make it is very tiny, like vanishingly small. There was suddenly the credibility of the company, my credibility, you know, the credibility of the whole team. It was like, "Can you actually do this or not?"

There were a lot of issues that we had to address in order to do it. You know, we had to create the new general assembly line in basically less than a month -- to create it and get to an excess of a 1,000-cars-a-week rate in like four weeks... A lot of the hoped-for automation was counterproductive. It's not like we knew it would be bad, because why would we buy a ticket to hell...? A whole bunch of the robots are turned off, and it was reverted to a manual station because the robots kept faulting out. When the robot faults out -- like the vision system can't figure out how to put the object in -- then you've got to reset the system. You've got to manually seat the components. It stops the whole production line while you sort out why the robot faults out.
When the interviewer asks why that happens, Musk replies, "Because we were huge idiots and didn't know what we were doing. That's why."

An anonymous reader quotes a report from Bloomberg: The iPhone maker said it's creating the fund to boost the use of renewable energy in its supply chain, which is primarily spread across regions in China. The company and 10 of its key suppliers and manufacturing partners, including Corning Inc., Pegatron Corp., Wistron Corp. and Luxshare Precision Industry Co., will contribute to the fund over the next four years, the Cupertino, California-based company said Thursday in a statement. The money will go toward developing projects totaling a gigawatt of renewable energy in China, Apple said. In 2015, Apple committed to using clean energy in its supply chain and has said it hopes to create 4 gigawatts of renewable energy globally by 2020, an increase from a goal of 3 gigawatts announced earlier this year.

Adobe, the maker of popular digital design programs for creatives, is planning to launch the full version of its Photoshop app for Apple's iPad as part of a new strategy to make its products compatible across multiple devices and boost subscription sales. From a report: The software developer is planning to unveil the new app at its annual MAX creative conference in October, according to people with knowledge of the plan. The app is slated to hit the market in 2019. Engineering delays could still alter that timeline.

San Jose, California-based Adobe has been on a multiyear journey to modernize its dominant creative media software. The company shifted all of its apps to the cloud in 2012, launching a new subscription-based business model that's on track to more than double sales through the end of this fiscal year and sent the stock soaring more than 700 percent. Recently, Adobe has also begun pitching its products to hobbyists, who prefer working on mobile devices rather than PCs. Still, the company has yet to transition full versions of its best-known apps to smaller screens.

Venture capitalists are spending cash at levels not seen since the dot-com era, and theyâ(TM)re raising money at a pace to match. From a report: Last quarter, VCs spent $27.3 billion in the U.S., according to a report set for publication Tuesday by research firm PitchBook and the National Venture Capital Association, a trade group. That's the most in any second quarter since the group began tracking quarterly data more than a decade ago. Combined with a record-setting first quarter, the VC market had its strongest first-half-year performance since 2000. The $57.5 billion invested in startups so far this year has already surpassed the full-year total for six of the past 10 years. This year is on track to exceed the $81.9 billion invested last year, which was itself a record since the dot-com boom.

An anonymous reader quotes a report from Bloomberg: About 56 percent of crypto startups that raise money through token sales die within four months of their initial coin offerings. That's the finding of a Boston College study that analyzed the intensity of tweets from the startups' Twitter accounts to infer signs of life. The researchers determined that only 44.2 percent of startups survive after 120 days from the end of their ICOs. The researchers, Hugo Benedetti and Leonard Kostovetsky, examined 2,390 ICOs that were completed before May.

Acquiring coins in an ICO and selling them on the first day is the safest investment strategy, Kostovetsky said in a phone interview. But many individual investors can't participate in ICOs, so this option isn't open to them. Still, all investors should probably sell their coins within the first six months, the study found. "What we find is that once you go beyond three months, at most six months, they don't outperform other cryptocurrencies," Kostovetsky said. "The strongest return is actually in the first month." The Boston College study also found that ICO returns are declining, as startups have becoming savvier about pricing coin offerings and more people have jumped into ICO investing. According to Bloomberg, "Returns of people who sold tokens on the first day they were listed on an exchange have been declining by four percentage points a month, Kostovetsky said."

Microsoft is teasing a new Surface device announcement for tomorrow. The company tweeted out the leading question "Where will Surface go next?" along with an image of the full lineup -- the Pro, Laptop, Book 2 and swiveling all-in-one Studio. Each computer in the image displays 6:00 on Tuesday, July 10. TechCrunch reports: The big news will probably drop tomorrow, most likely in the A.M. So, what's on deck for the Surface line? Given that all of the key players are present and accounted for here, an entirely new entry seems like a pretty reasonable guess. Rumors of a new, low-end device have been making the rounds for a few months now. Back in May, talk surfaced of a new, low-cost entry, aimed at competing more directly with the iPad. That certainly makes sense from a Portfolio standpoint. Other rumors include the loss of the proprietary Surface connector, in favor of USB-C and "rounded edges." UPDATE: Microsoft jumped the gun and announced "the newest member of the Surface Family," the Surface Go. It starts at $399 and features a 10-inch display, integrated kickstand, and Windows 10. It is available starting July 10th and will ship in August.

According to Bloomberg, Samsung opened the world's largest mobile phone factory today in Noida, a satellite city of the Indian capital Delhi. The factory will reportedly "double Samsung's Noida unit capacity for mobile phones to 120 million units a year from 68 million units a year." From the report: "The opportunity is just massive," said Faisal Kawoosa, who heads new initiatives at researcher CMR Pvt. "Such a large facility will help Samsung cater to the huge demand in a country of 1.3 billion people where there are only 425 million smartphone users. The Samsung factory will make everything from low-end smartphones that cost under $100 to its flagship S9 model, according to the company. Earlier this year, China's Xiaomi displaced Samsung from the No. 1 smartphone spot in the country, breaking its long-held dominance.

The top U.S. communications union is joining a coalition calling for the Federal Trade Commission to break up Facebook, as the social media company faces growing government scrutiny and public pressure. From a report: "We should all be deeply concerned by Facebook's power over our lives and democracy," said Brian Thorn, a researcher for the 700,000-member Communications Workers of America, the newest member of the Freedom From Facebook coalition. For the FTC not to end Facebook's monopoly and impose stronger rules on privacy "would be unfair to the American people, our privacy, and our democracy," Thorn said in an email.

Facebook disclosed July 2 that it's cooperating with probes by the U.S. Securities and Exchange Commission and the Federal Bureau of Investigation on how political consulting firm Cambridge Analytica obtained personal information from as many as 87 million of the siteâ(TM)s users without their consent. The FTC, the Department of Justice and some state regulators were already probing the matter, which prompted Facebook Chief Executive Officer Mark Zuckerberg to testify before Congress in April. Facebook also faces calls for regulation from many lawmakers and the public over the privacy issue, Russian efforts to manipulate the 2016 presidential election and the spread of false information on the platform.

Samsung said on Monday that it is opening what it said is the world's biggest mobile phone manufacturing facility as the South Korean giant seeks to expand production in the world's fastest growing mobile phone market. From a report: The new Samsung factory will have the capacity of 120 million smartphones per year, and make everything from low-end smartphones that cost under $100 to its flagship S9 model, according to the company. Earlier this year, China's Xiaomi displaced Samsung from the No. 1 smartphone spot in the country, breaking its long-held dominance. Indians favor low-end smartphones priced at $250 or less, given the low average annual income of its people, according to Bloomberg Intelligence. That's one reason why Apple has struggled to gain market share in India, with most iPhone models priced beyond $500, according to a Bloomberg Intelligence report earlier this month.

Facebook co-founder Mark Zuckerberg has overtaken Warren Buffett as the world's third-richest person, reports Bloomberg. Zuckerberg only trails Amazon founder Jeff Bezos and Microsoft co-founder Bill Gates. From the report: It's the first time that the three wealthiest people on the ranking made their fortunes from technology. Zuckerberg, 34, is now worth $81.6 billion, about $373 million more than Buffett, the 87-year-old chairman and chief executive officer of Berkshire Hathaway. Zuckerberg's ascent has been driven by investors' continued embrace of Facebook, the social-network giant that shook off the fallout from a data-privacy crisis that hammered its shares, sending them to an eight-month low of $152.22 on March 27. The stock closed Friday at a record $203.23.

An anonymous reader quotes a report from Bloomberg: In a drive to win the business up for grabs after the demise of Toys "R" Us, the online giant is going conventional with plans to publish a holiday toy catalog. The printed guide will be mailed to millions of U.S. households and handed out at Whole Foods Market locations, the grocery chain Amazon bought last year. The move is part of Amazon's push to incorporate traditional retailers' tools into its business model. It even looked at acquiring some Toys "R" Us locations earlier this year. That came after its $13.7 billion purchase of Whole Foods made a big splash as it pushed into brick-and-mortar retailing.

For all its woes, Toys "R" Us, which is closing all U.S. stores after failing to emerge from bankruptcy, was still a force during Christmas. Its "Big Book" toy catalog was a staple at 100 pages or so, with toymakers often starting their holiday advertising to coordinate with its arrival in late October. Even with the emergence of screen time and smartphones, kids still enjoy searching through toy catalogs -- which Walmart Inc. and Target Corp. also produce -- to make their wishlists.

Representatives for Elon Musk are in talks with Thai authorities about aiding in the rescue of a boys' soccer team stuck in a cave, said a spokesman for the billionaire. From a report: Musk's companies could help by trying to locate the boys' precise location using Space Exploration Technologies or Boring Co. technology, pumping water or providing heavy-duty battery packs known as Tesla Powerwalls, the spokesman said. It's unclear whether Thai officials will accept the offer. Twelve boys and their coach, who had been missing since last month, were found by a pair of British cave divers late Monday. Efforts to rescue them are hampered by narrow passageways and rising waters in the cave system. Most of the boys cannot swim.

A Chinese court temporarily banned Micron Technology chip sales, cutting the U.S. company off from the world's largest semiconductor market. The news comes from Taiwanese rival United Microelectronics Corporation (UMC). Bloomberg reports: In a patent ruling in favor of UMC, the Fuzhou Intermediate Peopleâ(TM)s Court of the Peopleâ(TM)s Republic of China issued a preliminary injunction stopping Micron from selling 26 products, including dynamic random access memory and Nand flash memory-related products, UMC said in a statement Tuesday. Micron said it hasnâ(TM)t been served with the injunction and wonâ(TM)t comment until it does.

The case is part of a broader dispute between the two companies centering on accusations that UMC acted as a conduit for the theft of Micronâ(TM)s designs in an attempt to help China grow its domestic chip industry and replace imports that rival oil in total value. A Chinese antitrust regulator is already investigating Micron and its Korean rivals, the companies have said. Local media has reported that authorities are looking into increases in chip prices.

Twitter will show detailed information about advertisers in an attempt to combat meddling in future elections. You will now be able to search for a Twitter account and see all the ads it has run in the past seven days. "For U.S. political advertisers, users will be able to see billing information, ad spending, demographic targeting data and the number of times tweets have been viewed," reports Bloomberg. From the report: The changes are part of Twitter's broader efforts to clean up its service after lawmakers berated the company for failing to discover Russian influence peddling through fake accounts and divisive ads during the 2016 U.S. presidential election. Earlier this week, the company began requiring more authentication from users. In May, it rolled out stricter rules that require advertisers running political campaign ads for federal elections to identify themselves and certify they are located in the U.S. The company has also banned ads from accounts owned by Russia Today and Sputnik.

According to a new Pew Research Center study, 72 percent of those polled (from a sample of 4,594 adults) think it's likely companies such as Facebook and Twitter actively censor political views that they consider objectionable. The study finds that Americans don't trust those companies to be impartial when it comes to partisan politics. Bloomberg reports: Republicans, more than their Democratic counterparts, displayed concern over perceived political bias. Eighty-five percent of Republicans and those who labeled themselves conservative independents said it's likely that social media platforms censor political speech. And 64 percent of Republicans think technology companies support the views of liberals over conservatives. The majority of Democrats, meanwhile, think it's likely that social media platforms censor political viewpoints, coming in at 62 percent. But only about a quarter of Democrats worry that these companies support the views of conservatives over liberals.

An anonymous reader quotes a report from Bloomberg: University of Georgia engineering professor Jenna Jambeck said that indeed, part of the reason China is now refusing to process American and European plastic is that so many people tossed waste into the wrong bin, resulting in a contaminated mix difficult or impossible to recycle. In a paper published last week in Science Advances, she and her colleagues calculated that between now and 2030, 111 million metric tons of potentially recyclable plastic will be diverted from Chinese plants into landfills.

Jambeck said that China used to turn a profit by importing the stuff from American and European recycling bins and turning it into useful material. But as other countries attempted to simplify things for consumers with "single stream" recycling -- think of one big blue bin for paper, plastic, metal and glass -- the material reaching China became too contaminated with nonrecyclable items. The instructions to put everything in one bin seemed appealing but made it much easier to do recycling wrong.

Apple and Samsung reached a settlement in their U.S. patent battle, putting an end to a seven-year fight over smartphone designs. From a report: The string of lawsuits started in 2011 when Apple sued Samsung for allegedly copying the design of the iPhone in the creation of its own line of smartphones. Terms of the accord weren't immediately disclosed. The settlement follows a damages retrial in which Apple won a $539 million jury award in May.

On Feb. 6, Elon Musk's SpaceX launched its largest rocket into the blue Florida sky. Onboard was "Starman," a dummy strapped into the billionaire's cherry red Tesla roadster. Minutes later, fans cheered as Musk topped himself by nailing a simultaneous landing of the Falcon Heavy's boosters. It was arguably a turning point for the commercial space age. Airlines were somewhat less thrilled. From a report: On that day, 563 flights were delayed and 62 extra miles added to flights in the southeast region of the U.S., according to Federal Aviation Administration data released Tuesday by the Air Line Pilots Association, or ALPA.

America's airspace is a finite resource, and the growth of commercial launches has U.S. airlines worried. Whenever Musk or one of his rivals sends up a spacecraft, the carriers which operate closer to the ground must avoid large swaths of territory and incur sizable expenses. Most of the commercial activity to date has been focused on Cape Canaveral, the Air Force post on Florida's Atlantic coast, where Musk's Space Exploration Technologies and Jeff Bezos's Blue Origin base their stellar operations. It is one of 22 active U.S. launch sites, and a number of other locales -- including Brownsville, Texas; Watkins, Colorado; and Camden County, Georgia -- are pursuing new spaceport ventures to capitalize on commercial space activity.

An anonymous reader quotes a report from Bloomberg: Facebook's Instagram is estimated to be worth more than $100 billion, if it were a stand-alone company, marking a 100-fold return for the app purchased in 2012, according to data compiled by Bloomberg Intelligence. The photo-sharing platform, which reached 1 billion monthly active users earlier this month, will likely help nudge Instagram revenue past $10 billion over the next 12 months, Bloomberg Intelligence analyst Jitendra Waral wrote in a report Monday. Instagram is attracting new users faster than Facebook's main site and is on track to exceed 2 billion users within the next five years, Waral said. While the social network already has surpassed that milestone, Instagram's audience is younger than its parent, making it more attractive to advertisers. And unlike Facebook, Instagram is still growing in the U.S.

There are cyberheists, and then there's Carbanak, a cybercriminal gang that has stolen about $1.2 billion from more than 100 banks in 40 nations. The suspected 34-year-old ringleader is under arrest, but the whopping $1.2 billion amount remains missing. And to add insult to the injury, the malware attacks live on. Bloomberg Businessweek has an insightful story on this, which includes comments from none other than Europol itself, on the chase to catch Carabanak which has lasted for three years. Some excerpts from the story: Before WannaCry, before the Sony Pictures hack, and before the breaches that opened up Equifax and Yahoo!, there was a nasty bit of malware known as Carbanak. Unlike those spectacular attacks, this malware wasn't created by people interested in paralyzing institutions for ransom, publishing embarrassing emails, or taking personal data. The Carbanak guys just wanted loot, and lots of it.

Since late 2013, this band of cybercriminals has penetrated the digital inner sanctums of more than 100 banks in 40 nations, including Germany, Russia, Ukraine, and the U.S., and stolen about $1.2 billion, according to Europol, the European Union's law enforcement agency. The string of thefts, collectively dubbed Carbanak -- a mashup of a hacking program and the word "bank" -- is believed to be the biggest digital bank heist ever. In a series of exclusive interviews with Bloomberg Businessweek, law enforcement officials and computer-crime experts provided revelations about their three-year pursuit of the gang and the mechanics of a caper that's become the stuff of legend in the digital underworld.

Besides forcing ATMs to cough up money, the thieves inflated account balances and shuttled millions of dollars around the globe. Deploying the same espionage methods used by intelligence agencies, they appropriated the identities of network administrators and executives and plumbed files for sensitive information about security and account management practices. The gang operated through remotely accessed computers and hid their tracks in a sea of internet addresses.

There are cyberheists, and then there's Carbanak, a cybercriminal gang that has stolen about $1.2 billion from more than 100 banks in 40 nations. The suspected 34-year-old ringleader is under arrest, but the whopping $1.2 billion amount remains missing. And to add insult to the injury, the malware attacks live on. Bloomberg Businessweek has an insightful story on this, which includes comments from none other than Europol itself, on the chase to catch Carabanak which has lasted for three years. Some excerpts from the story: Before WannaCry, before the Sony Pictures hack, and before the breaches that opened up Equifax and Yahoo!, there was a nasty bit of malware known as Carbanak. Unlike those spectacular attacks, this malware wasn't created by people interested in paralyzing institutions for ransom, publishing embarrassing emails, or taking personal data. The Carbanak guys just wanted loot, and lots of it.

Since late 2013, this band of cybercriminals has penetrated the digital inner sanctums of more than 100 banks in 40 nations, including Germany, Russia, Ukraine, and the U.S., and stolen about $1.2 billion, according to Europol, the European Union's law enforcement agency. The string of thefts, collectively dubbed Carbanak -- a mashup of a hacking program and the word "bank" -- is believed to be the biggest digital bank heist ever. In a series of exclusive interviews with Bloomberg Businessweek, law enforcement officials and computer-crime experts provided revelations about their three-year pursuit of the gang and the mechanics of a caper that's become the stuff of legend in the digital underworld.

Besides forcing ATMs to cough up money, the thieves inflated account balances and shuttled millions of dollars around the globe. Deploying the same espionage methods used by intelligence agencies, they appropriated the identities of network administrators and executives and plumbed files for sensitive information about security and account management practices. The gang operated through remotely accessed computers and hid their tracks in a sea of internet addresses.

According to a new report from Bloomberg's Mark Gurman and Debby Wu, Apple is "planning higher-end AirPods, a new HomePod and studio-quality over-ear headphones for as early as next year." From the report: The Cupertino, California-based company is working on new AirPods with noise-cancellation and water resistance, the people said. Apple is trying to increase the range that AirPods can work away from an iPhone or iPad, one of the people said. You won't be swimming in them though: The water resistance is mainly to protect against rain and perspiration, the people said. Slated for 2019, the earbuds will likely cost more than the existing $159 pair, and that could push Apple to segment the product line like it does with iPhones, one of the people said. Apple is also working on a wireless charging case that's compatible with the upcoming AirPower charger.

There are over-ear headphones coming from Apple, too. Those will compete with pricey models from Bose Corp. and Sennheiser. They will use Apple branding and be a higher-end alternative to the company's Beats line. Apple originally intended to introduce the headphones by the end of 2018, but has faced development challenges, and is now targeting a launch as early as next year, the people said. A previous Bloomberg report was plugged, teasing a new version of the current AirPods that will feature a new chip and support for hands-free Siri activation. They are reportedly launching later this year.

According to a new report from Bloomberg's Mark Gurman and Debby Wu, Apple is "planning higher-end AirPods, a new HomePod and studio-quality over-ear headphones for as early as next year." From the report: The Cupertino, California-based company is working on new AirPods with noise-cancellation and water resistance, the people said. Apple is trying to increase the range that AirPods can work away from an iPhone or iPad, one of the people said. You won't be swimming in them though: The water resistance is mainly to protect against rain and perspiration, the people said. Slated for 2019, the earbuds will likely cost more than the existing $159 pair, and that could push Apple to segment the product line like it does with iPhones, one of the people said. Apple is also working on a wireless charging case that's compatible with the upcoming AirPower charger.

There are over-ear headphones coming from Apple, too. Those will compete with pricey models from Bose Corp. and Sennheiser. They will use Apple branding and be a higher-end alternative to the company's Beats line. Apple originally intended to introduce the headphones by the end of 2018, but has faced development challenges, and is now targeting a launch as early as next year, the people said. A previous Bloomberg report was plugged, teasing a new version of the current AirPods that will feature a new chip and support for hands-free Siri activation. They are reportedly launching later this year.

An anonymous reader quotes a report from Bloomberg: Jane was working in Amazon's Seattle headquarters when she was asked to a meeting with her manager and a human resources representative. They gave her a document outlining concerns about her work performance and spelled out three choices. She could quit and receive severance pay, spend the next several weeks trying to keep her job by meeting certain performance goals, or square off with her manager in a videoconference version of the Thunderdome, pleading her case with a panel of co-workers while her boss argued against her. Jane, who asked that her real name not be used to discuss a personal matter, chose the last one.

Amazon is borrowing a page from union grievance processes that don't apply to most corporate employees. But only about 30 percent of those who appeal their manager's criticisms prevail, meaning they can keep their jobs or seek new ones within the company with different bosses, according to people familiar with the matter. Eighteen months after its debut, the hearing process has created resentment and raised questions about fairness, according to current and former workers as well as attorneys familiar with their situations. "It's a kangaroo court," says George Tamblyn, a Seattle employment lawyer who helped one former Amazon worker plan her appeal earlier this year. "My impression of the process is it's totally unfair." According to a person familiar with the process, the workers who fail to make their case and get their job back can still choose between severance pay or a performance-improvement plan. The program, called "Pivot," was started last year.

Here's what Amazon has to say on the matter: "Pivot is a uniquely Amazonian program that was thoughtfully designed to provide a fair and transparent process for employees who need support. When employees are placed in Pivot, they have the option of working with their manager and HR to improve with a clear plan forward, of leaving Amazon with severance, or of appealing if they feel they shouldn't be in the program. Just over a year into program, we're pleased with the support it offers our employees and we're continuing to iterate based on employee feedback and their needs."

Mark Bergen reports via Bloomberg: Earlier this year, a group of influential software engineers in Google's cloud division surprised their superiors by refusing to work on a cutting-edge security feature. Known as "air gap," the technology would have helped Google win sensitive military contracts. The coders weren't persuaded their employer should be using its technological might to help the government wage war, according to four current and former employees. After hearing the engineers' objections, Urs Holzle, Google's top technical executive, said the air gap feature would be postponed, one of the people said. Another person familiar with the situation said the group was able to reduce the scope of the feature.

The act of rebellion ricocheted around the company, fueling a growing resistance among employees with a dim view of Google's yen for multi-million-dollar government contracts. The engineers became known as the "Group of Nine" and were lionized by like-minded staff. The current and former employees say the engineers' work boycott was a catalyst for larger protests that convulsed the company's Mountain View, California, campus and ultimately forced executives to let a lucrative Pentagon contract called Project Maven expire without renewal.

The first iPhone to shed its headphone jack was the iPhone 7, which launched in late 2016. Now it seems like the Lightning port may be the next to go. CNET reports: Apple has considered removing the Lightning port on the iPhone X, according to Bloomberg, citing unnamed "people familiar with the company's work." While earlier rumors suggested that Apple would remove the Lightning port in favor of USB-C, Apple's goal may be to remove all ports entirely.

Bloomberg's report is about the challenges that Apple faces with its AirPower wireless charger, but it also shares some details about Apple's vision for a wireless future. The report says: "Apple designers eventually hope to remove most of the external ports and buttons on the iPhone, including the charger, according to people familiar with the company's work. During the development of the iPhone X, Apple weighed removing the wired charging system entirely. That wasn't feasible at the time because wireless charging was still slower than traditional methods. Including a wireless charger with new iPhones would also significantly raise the price of the phones."