Android creator raises $300M for his Palo Alto smartphone startup The creator of Google's Android mobile operating system has raised $300 million for his new smartphone startup, Essential, at a valuation of nearly $1 billion. Bloomberg reported that Andy Rubin filed paperwork on the investment late last month, just before he unveiled plans for two products – a high-end smartphone and a home speaker that will compete with the likes of Amazon's Echo, Google Home and the Homepod that Apple teased this week. (Silicon Valley Business Journal)
Apple adds Touch Bar support to GarageBand With the 10.2 update, users can now easily navigate through GarageBand projects, adjust levels and play instruments from the MacBook Pro's dynamic function row. For everyone else diving back in to GarageBand, you'll find the latest update also brings a "modern design with improved ease of use" and the ability to add track you started on the mobile versions of the app. (Engadget)
Tech was a bloodbath today. Beautiful IBM/APPL divergence on full display with the SPX, DJIA, and NASDAQ
Perfect entry time. That last surge of puts right before the floor at 14:45~ must have really burned a few people. INTC didn't recover, AAPL and MSFT seem to be on the ups.
Still better than the competition. I would rather have an iPhone or an iMac over a PC or a Samsung any day. Well the new iOS will only use about 50% of the space for storing things like photos with the same quality. I am happy about that. People will get over the modem issue. QCOM successfully made the modems for AAPL but since AAPL's orders are so big, they divvy up the order between others. AAPL can't release an batch with the fast modems and another batch with slower modems. Since this isn't AAPL's fault, I think people will get over it.
In terms of quality, Apple's products are way better and so far they have managed to keep their shares in the market so far. But remember what happened to Blackberry and Nokia. If Apple stay un-innovative in the fast changing tech world, Apple will not be able to keep its market shares in the long term.
What do you mean by market share. AAPL represents ~11% of global market share whilst being bigger than all other tech companies combined. AAPL has some much cash on hand that they can simply buy innovation through other companies as they have done with their myriad subsidiaries. Nokia corners 49% of global phone sales and they are like Pluto next to the sun when compared to AAPL.