One of the biggest changes to the iPhone lineup this year deals with its segmentation and pricing.
Apple changed its iPhone lineup so that the entry-level new model advertised at $699 is now a Mini device with a smaller screen. The regular iPhone 12 costs $799, $100 more than the iPhone 11 did when it came out.
If the iPhone 12 becomes the most popular of Apple’s current models, as is likely, the increase could boost the average iPhone selling price, a key metric for Apple investors.
It isn’t an everyday occurrence that a company reports strong revenue and profit gains and experiences a sharp decrease in the stock price, falling 7% for the day. Yet that’s exactly what happened after Domino’s Pizza(NYSE:DPZ) released its fiscal third-quarter 2020 results, which covered the period that ended on Sept. 6.
This seemingly incongruous situation may leave you scratching your head. So it’s a good time to look deeper into the report to see if there is anything that’s concerning.
Image source: Getty Images.
Demand remains strong
With strong roots in delivering pizzas that go back to its founding 60 years ago, it shouldn’t surprise anyone that Domino’s has done well during the pandemic. Excluding foreign exchange translations, its third-quarter total sales grew by nearly 15%. Broken out geographically, U.S. same-store sales (comps) rose by 17.5% and were more than 6% higher internationally.
A new leak claims that Apple’s new “HomePod mini” will be half the height of the original, and details a release schedule for the whole of the “iPhone 12” range.
A leak originally posted on Chinese site Weibo but then relayed by previously accurate tweeter Ice Universe, claims to have full details of the rumored smaller HomePod, plus confirmation of the “iPhone 12” range Apple is expected to announce on October 13.
A translation of the original Weibo posting says, “HomePod Mini, priced at $99, 3.3-inch speaker, S5 processor.
Most places are scheduled for November 6/7, and will be released on 16/17. Please wait for the domestic release.”
The reference to a domestic release implies that these dates are for America, not China where the leak was posted.
At 3.3-inches, the HomePod mini would be just under half the height of the original HomePod. And at $99, it would
Google has officially announced the new Nest Audio smart speaker, the latest in its line of smart speakers powered by the Google Assistant. The Nest Audio replaces the original Google Home from 2016 as Google’s midrange smart speaker, slotting above the Nest Mini and below the Nest Max in the lineup. It costs $99.99 and will be available starting October 5th in 21 countries. You can preorder it right now.
Google Nest Audio
Unlike the Google Home’s air freshener aesthetic, the Nest Audio’s soft rounded corners and vaguely rectangular shape make it more reminiscent of a loaf of bread standing on its end. Like the Nest Mini, it’s completely wrapped in fabric, which you can get in a few different colors. Also like the other Nest speakers, there are four colored LEDs embedded in the fabric that light up when the speaker hears or responds to a voice command. You
Google on Wednesday detailed its long-rumored (and leaked) Pixel 4A 5G and Pixel 5, making official what was pretty strong speculation (to put it nicely). Today’s announcement also revealed that Verizon’s version will once again cost more than the Pixel 4A 5G offered by its rivals.
Called the Pixel 4A 5G UW, Verizon’s model runs $600 and follows a trend of some of its other 5G devices in that it’s customized with millimeter-wave antennas to tap into Verizon’s fastest 5G network. Like its other 2020 5G phones, the Pixel 4A 5G will also be capable of connecting to the carrier’s wider-coverage nationwide 5G network when it launches later this year.
Rolling off the back of the extremely successful Pixel 4a, Google has announced a slightly more capable version of its budget smartphone in the form of the Google Pixel 4a 5G, and it starts at $499 USD.As it’s name might suggest, this is a fully 5G compatible smartphone and it brings some other improvements including an Ultrawide lens, an edge-to-edge OLED display, a 3.5mm headphone jack, and an improved Qualcomm Snapdragon processor. It will be released in Japan on October 15, 2020, and will “roll out to 8 other countries starting in November.”
Storied materials-science company Dow Inc. (DOW) – Get Report said that it would restructure, cutting “workforce costs” 6% and taking $500 million to $600 million of third-quarter charges for the effort.
It didn’t specify the amount of any layoffs.
The restructuring stems from the coronavirus pandemic, which has curbed demand for Dow products, the company said.
Besides the 6% cost cut, the revamp includes “[rationalizing] certain manufacturing assets,” the Midland, Mich., company said in a statement.
“These actions are expected to result in total annualized [earnings before interest, taxes, depreciation and amortization] savings of more than $300 million by the end of 2021.”
The industrial intermediates-and-infrastructure segment will shut certain amines and solvents facilities in the U.S. and Europe, as well as select small-scale downstream polyurethanes manufacturing facilities.
The performance-materials-and-coatings unit will shutter manufacturing assets, primarily small-scale coatings reactors.
“Given the expected gradual and uneven global economic recovery
Tesla officials, led by CEO Elon Musk, outlined a set of aggressive plans Tuesday to slash battery production costs, which they said will allow Tesla to bring a $25,000 electric battery vehicle to market within three years.
Those were two of the key takeaways from the company’s Battery Day, a show-and-tell session following its annual meeting. During the three-hour event, which was livecast from a site by Tesla’s assembly plant in Fremont, California, Musk and other executives went into extensive detail explaining how they plan to reduce the cost of batteries — the single most important and most expensive part of an electric vehicle — by 56 percent. They then revealed a variety of new product programs that will be launched over the next several years.
“We’re convinced we can make a compelling $25,000 electric vehicle that’s also fully autonomous,” Musk said.
“The battery stuff is clearly revolutionary and essential
There was a lot of expectation for Tesla’s Battery Day this year, but nobody quite realized just how significant the announcements would be. I predicted a number of the technologies presented a few weeks ago. However, Tesla CEO Elon Musk combined these with others not released before to promise a reduction in the cost per kWh of batteries of over 50%. This would be a phenomenal achievement and way beyond current predictions for the industry. It could lead to a revolutionary reduction in EV pricing.
The route to much cheaper Tesla batteries isn’t going to be from one single technological development, but from improvements in five key areas – cell design, streamlining of the factory making the cells, innovations in the anode materials, altering the cathode materials, and finally changing how the batteries would be integrated into the car. As predicted,