10 things in tech you need to know today
Good morning! Here’s the technology news you need to know this Wednesday.
1. A judge in South Korea will decide today whether to arrest Samsung boss Jay Y. Lee. It’s an embarrassing scandal for Samsung that could change its succession plan.
2. Morgan Stanley cut its Apple estimate and predicts an iPhone 7 sales slump for 2017. Morgan Stanley believes that Apple will face “weaker iPhone 7 demand” in the coming months.
3. Qualcomm allegedly paid Apple billions of dollars in rebates to use its chips. The deal allegedly included “substantial incentive payments”.
4. Mark Zuckerberg revealed that Facebook paid more than we thought for Oculus VR. Facebook paid an additional $1 billion for Oculus in employee retention packages and goal targets.
5. Apple is about to increase the price of apps in the UK by 25% because of Brexit. An app currently priced at £0.79 will increase to £0.99.
6. Theranos made another major leadership change. The embattled blood-testing company recruited a technology advisory board.
7. Apple’s iPhone battery shutdown issue isn’t going away. A rumor has popped up about Apple launching an iPhone 6 battery replacement program.
8. Facebook is planning to open a startup incubator in Paris. The incubator — known as Startup Garage — will be run out of a new €250 million (£219 million) startup campus called Station F.
9. Apple’s MacBooks could get an internal upgrade this year that doubles the maximum memory. Apple may start making a new 15-inch MacBook Pro that will come with up to 32GB of RAM.
10. Over 100 million people now pay for music streaming, beating the number of Netflix subscribers for the first time. Netflix will announce its Q4 results later today.
by James Cook