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How Apple is Preparing for Life After the iPhone [No, not Buying Netflix With the $250 Billion Cash Pile]

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With the iPhone contributing greater than 60% of Apple’s gross sales, it’ll be onerous to exchange it with any other blockbuster product to atone for the dwindling gross sales of the long-lasting device. But the iPhone maker has each purpose of filling that void.

Towards this finish, consistent with The Wall Street Journal, the tech massive is making management adjustments and reordering priorities. One of essentially the most distinguished management adjustments that Apple CEO Tim Cook not too long ago introduced used to be the substitute of the retail leader Angela Ahrendts with human assets head, Deirdre O’Brien, as CCN reported.

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Earlier this month, the vp of Apple’s voice assistant Bill Stasior used to be additionally driven out. Siri has lengthy been criticized for being not so good as rival choices equivalent to Amazon’s Alexa, Microsoft’s Cortana and Google Assistant.

For Apple, Services are the Future

One of essentially the most promising spaces of long term expansion for Apple is products and services. Last 12 months, Morgan Stanley indicated that this phase would give a contribution 62% of the income expansion between 2017 and 2022. The iPhone’s contribution to income expansion throughout this era can be 18%. On a trailing 5-year foundation, products and services have been contributing simply 23% of the income expansion. The iPhone have been answerable for 86% of the income expansion on a trailing 5-year foundation.

Apple

Apple Revenue Growth by way of Segment. Source: Morgan Stanley

This income expansion in products and services can be accomplished by way of expanding paid subscriptions. Currently, Apple boasts of 360 million subscriptions and intends to extend this to above 500 million.

The iPhone maker additionally intends to extend the products and services on be offering with video being observed as probably profitable. The tech massive will reportedly splash over $1 billion on developing authentic video content material. Leading Apple’s video programming efforts are ex-Sony Pictures Television co-presidents, Jamie Erlicht and Zack Van Amburg.

Netflix Still no longer on Apple’s Shopping List. Yet.

Despite the tech massive’s burgeoning money pile, its post-iPhone plans don’t come with creating a jaw-dropping acquisition. With Apple’s video ambitions widely recognized, the media has not too long ago been stuffed with studies goading the iPhone maker to acquire Netflix.

As Netflix’s marketplace capitalization is beneath $160 billion, Apple may gain the streaming massive and nonetheless no longer dissipate its money reserves. This fixation with the iPhone maker purchasing Netflix has develop into so pervasive to the purpose of being farcical.

Wedbush Securities’ fairness analysis managing director, Daniel Ives, even not too long ago mentioned that no longer obtaining Netflix used to be a strategic misstep on Cook’s section. Speaking to CNBC, Ives stated:

In my opinion, the largest strategic mistake Apple has made since Cook took over isn’t purchasing Netflix. That used to be the deal that they had to do as it comes all the way down to content material.

Apple Still Got Your Back, Lovers of Macs, iPhones and iPads

The tech massive’s products and services industry and its {hardware} feed off each and every different. So in spite of the slowing expansion within the {hardware} phase, Apple can’t find the money for to forget one a part of the ecosystem.

According to CNBC, famend Apple analyst Ming-Chi Kuo has projected that the tech massive will liberate advanced {hardware} this 12 months. This will come with laptops, desktops, iPads and new iPhones with new show sizes and lines. Kuo additionally expects wi-fi charging for the AirPods to be presented.

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NYSE files a trademark application for trading NFTs

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The world’s largest stock exchange may be planning to bring business into the Metaverse.

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Traders say $4,000 Ethereum back on the cards ‘if’ this bullish chart pattern plays out

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Global tensions that could trigger a correction in markets abound, but traders say ETH’s current setup could result in a swift return to the $4,000 level.

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CryptoPunks community reacts to the ongoing copyright battle between V1 and V2

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Although the collection is no longer deemed authentic by Larva Labs, its creators alleged sold 210 ETH worth of CryptoPunks V1 when the wrapped versions first gained traction.

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Binance.US is under investigation from SEC over trading affiliates: Report

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Binance CEO Changpeng Zhao allegedly has connections to two market makers buying and selling crypto on Binance.US.

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Boost Insurance unveils product covering against crypto theft from qualified custodians

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Boost Insurance, an insurance infrastructure-as-a-service platform, alongside go-to-market partner, Breach Insurance, a company that provides insurance technology and regulated insurance products for the cryptocurrency market, today announced the launch of Crypto Shield, an insurance product for cryptocurrency available to retail wallet holders.

Crypto Shield covers the theft of cryptocurrency while in the custody of a qualified custodian.

The Crypto Shield product allows individuals to purchase protection for their crypto wallets held by select custodians. In the case that the custodian is breached or suffers a social engineering attack resulting in lost assets, individuals insured under Crypto Shield can be reimbursed for the value of their policy.

Boost + Breach

While there is some commercial insurance available to cryptocurrency institutions, Breach envisioned Crypto Shield as a solution to the protection gap that currently exists for individuals holding crypto, securing a partnership with Boost to assist in bringing the Crypto Shield product to life.

Boost’s insurance infrastructure-as-a-service packages the necessary operational, technological, compliance, and capital requirements for new insurance programs into a white-label solution, enabling insurtechs like Breach to swiftly launch new lines of business.

“Boost’s deep expertise and insurance infrastructure-as-a-service platform, and Relm’s industry-leading crypto reinsurance capabilities, have positioned Breach to bring a highly complex insurance product to the market in a beautifully delivered customer experience.”
– Eyhab Aejaz, Co-Founder & CEO at Breach

To deliver that product in a seamless experience, Boost and Breach’s platforms connect via API, allowing Boost’s policy administration system to deliver back-end management for the Crypto Shield product. Breach’s customers are then able to purchase and manage every part of their policy and claims process, all from within Breach’s proprietary crypto insurance platform.

“With Boost’s infrastructure-as-a-service platform, companies like Breach can launch and deliver innovative new insurance offerings, at a fraction of the time and cost required to build a full-stack insurance program from scratch.”
– Alex Maffeo, CEO & Founder of Boost

In addition to powering the new product, Boost and Breach partnered to source and secure the necessary reinsurance backing from industry expert Relm Insurance Ltd. (Relm), underwritten by Trisura Specialty Insurance Company. Operating out of Bermuda, Relm is a capacity provider to the crypto sector with a track record of insuring companies across the ecosystem. Relm has recently been awarded an ‘A Exceptional’ Financial Stability Rating (FSR) by Demotech.

“Relm’s partnership with Boost and Breach to reinsure the US’s first cryptocurrency insurance product for retail wallet holders is a milestone in supporting the development of crypto and blockchain technologies.”
– Joe Ziolkowski, CEO at Relm

The post Boost Insurance unveils product covering against crypto theft from qualified custodians appeared first on CryptoNinjas.

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