2 hours ago

Tech

Apple warns investors coronavirus is going to hurt iPhone sales

The company will miss its goals due to the outbreak.

Barcroft Media/Barcroft Media/Getty Images

Apple says it will not meet its initial $63-67 billion estimates for this quarter, citing supply issues and lowered demand due to the novel coronavirus outbreak in China. Apple did not provide an updated forecast for its fiscal second-quarter revenue. As Apple puts it:

Our quarterly guidance issued on January 28, 2020 reflected the best information available at the time as well as our best estimates about the pace of return to work following the end of the extended Chinese New Year holiday on February 10. Work is starting to resume around the country, but we are experiencing a slower return to normal conditions than we had anticipated. As a result, we do not expect to meet the revenue guidance we provided for the March quarter due to two main factors.
The first is that worldwide iPhone supply will be temporarily constrained. While our iPhone manufacturing partner sites are located outside the Hubei province — and while all of these facilities have reopened — they are ramping up more slowly than we had anticipated. The health and well-being of every person who helps make these products possible is our paramount priority, and we are working in close consultation with our suppliers and public health experts as this ramp continues. These iPhone supply shortages will temporarily affect revenues worldwide.
The second is that demand for our products within China has been affected. All of our stores in China and many of our partner stores have been closed. Additionally, stores that are open have been operating at reduced hours and with very low customer traffic. We are gradually reopening our retail stores and will continue to do so as steadily and safely as we can. Our corporate offices and contact centers in China are open, and our online stores have remained open throughout.

Apple had some idea of the issue when it released its initial estimate on January 28. “As you can see from the range, anticipates some level of issue there. Otherwise, we would not have a $4 billion range,” CEO Tim Cook said at the time. While Apple's manufacturing facilities have all reopened in China, the company still expects supply chain issues for the foreseeable future.

3 hours ago

Electric Opinion

Tesla's 'Anti-Handbook Handbook' isn't unhinged, it's humanizing

“Treat everyone like you want to be treated” and other mantras corporate America has forgotten.

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In recent days, a four-page handbook for newcomers to Tesla has emerged. Business Insider got hold of it and published a matter-of-fact look at it. Other outlets have decided to deride it for being a manifestation of the worst of Elon Musk’s — granted, problematic — public persona. But I’m here to tell you it’s a breath of fresh air in a land where some people still think a $15 minimum wage constitutes wanton largesse, and the gig economy is the sold as the embodiment of the American Dream rather than the poster child for its abject failure.

Loud and proud — “We’re Tesla. We’re changing the world. We’re willing to rethink everything,” the handbook says at the outset, setting the tone for what is at times a self-aggrandizing, preachy, and occasionally in-your-face document that reads more like a pep rally than an HR-approved initiation document. It’s brash and it’s cocksure, but isn’t that precisely the sort of company you’d want to work for? Isn't that the sort of grandstanding Apple used to get mocked for? And, well, we all know how that's turned out.

3 hours ago

Tech

Huawei's been granted another 45-day reprieve from a full ban in the U.S.

This is the fourth postponement since last May.

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Huawei has received a fourth extension from the U.S. Commerce Department that allows it to keep doing business with most U.S. companies for 45 days. Generally, these extensions have lasted 90 days, but this time around it's half that. The Trump administration accuses Huawei of building backdoors into the network hardware it sells mobile operators and of flouting sanctions with Iran. Huawei, meanwhile, denies any wrongdoing.

Choosing sides — Disparate branches of the U.S. government appear to be on on different pages about what to do with Huawei. After an old vulnerability in hardware it supplied Vodafone's European operations was exposed in May 2019, the Commerce Department blocked the company from buying U.S. goods and added it to a list of barred companies, only to supply multiple postponements and extensions that kept the company operating, albeit with restrictions.

Ian J. Battaglia
5 hours ago

Candid Camera

Fujifilm dropped a top street photographer, but did he cross a line?

Peers of Tatsuo Suzuki, known for his aggressive shooting style, come to his defense.

Tatsuo Suzuki / 500px/500Px Unreleased Plus/Getty Images
9 hours ago

Style

Supreme tests hypebeasts yet again with Oreos, Ziploc bags, and Instax film

The accessory reveals are always the most fun.

Supreme has released its SS20 lookbook today, meaning it's time to partake in the biannual tradition that is ogling the upcoming range of accessories. As always, Supreme hasn't disappointed and will bring more ridiculous, box logo-branded goods into the world over the next several months. Love them or hate them, their mere existence is hilarious.

10 hours ago

Tech

Snapchat's adding proactive mental health tools for users in trouble

"Here For You" will point people experiencing mental health crises at those who can help.

Chesnot/Getty Images Entertainment/Getty Images

Snapchat is getting a new feature called “Here For You” that will share safety resources with users when they search for terms regarding mental health or bullying. The company says the new feature will roll out in the coming months. Here For You will “provide proactive in-app support to Snapchatters who may be experiencing a mental health or emotional crisis," or who are interested in learning more about such things to help friends or family deal with them.

The forthcoming feature will "show safety resources from local experts" when users search for specific topics, "including those related to anxiety, depression, stress, grief, suicidal thoughts, and bullying."

Jazmin Goodwin
12 hours ago

Tech

Google slams Samsung for 'unnecessary changes' to the Android kernel

Samsung might be doing more harm than good.

Kelly Sullivan/Getty Images Entertainment/Getty Images

Google scolded Samsung this week for an issue discovered on the Korean phone maker's Galaxy A50. Google says Samsung made "unnecessary changes to Android's core kernel," adding the changes Samsung made threaten rather than strengthen the phone's security.

Google's increased focused on refinement — The tech giant has a vested interest in making sure Android is secure for OEMs and end users alike. Earlier this week Google announced it has made measurable efforts to limit malicious apps on its Google Play Store and it's clamping down on the permissions apps can request, resulting in a 98 percent reduction in requests for access to user's call history and text messages. It's also been tackling more worrying issues, like self-reinstalling malware. But in this instance, it's a hardware partner that's causing the problems.

In a detailed blog post from Google's Project Zero Team, researcher Jann Honn outlines the exact issue with Samsung's changes to the Android kernel on the A50. Samsung's changes included a security feature to restrict an attacker from reading or modifying user data, but Honn says the move is "futile" and rather than bolstering security, it introduces vulnerabilities that could increase an attacker's ability to arbitrarily execute code.

"Samsung's protection mechanisms won't provide meaningful protection against malicious attackers trying to hack your phone, they only block straightforward rooting tools that haven't been customized for Samsung phones," Honn says.