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Archive for November, 2016

Get ready for the supercycle — there could be ‘unprecedented’ demand for the iPhone 8

tim cook Maddie ZieglerMarcio Jose Sanchez/AP

There may be “unprecedented replacement demand” for the iPhones Apple is planning to launch in the second half of 2017, KGI Securities analyst Ming-Chi Kuo wrote in a note to clients seen by Business Insider.

Kuo believes that Apple could ship between 90 million and 110 million iPhones in the second half of 2017.

Apple may even end up shipping more iPhones than the 113 million it sold in the second half of 2014, driven by the iPhone 6.

Kuo says Apple’s suppliers — which sell the company components like screens, lenses, and chips — are setting “ramp-up targets” at over 120 million devices, and they may be able to ramp up production to supply 150 million devices if demand is strong.

Apple is expected to launch three redesigned devices in fall 2017: two updates to the current iPhone 7 and iPhone 7 Plus with glass cases and wireless charging, and an all-new high-end model with a new kind of screen that promises lower power consumption and better picture quality.

All three models are expected to sell well.

According to Kuo:

  • “The OLED model may trigger replacement demand among high-end users given its completely all-new-design form factor and notably superior specs in comparison to the TFT-LCD models.”
  • “The new 4.7-inch iPhone, featuring glass casing and wireless charging, looks well positioned to tap replacement demand at the entry level.”

“In other words, ramp-up for [the second half of 2017] pull-in may exceed the previous peak for iPhone 6, and hit a historical high,” Kuo wrote.

The ‘powder keg’ supercycle

powder kegGetty

The possibility that the upcoming iPhone could tap into a large base of people who are waiting to upgrade has been floated by several analysts before as a rationale for being bullish on Apple.

If Apple can deliver a device that is meaningfully different from the iPhone 6, iPhone 6S, or iPhone 7, there could be an explosion of sales worldwide. Kuo is predicting three new meaningfully different iPhone models based on factory sources.

On Tuesday, UBS analyst Steven Milunovich reiterated that long Apple investors should be optimistic about the next iPhone cycle because Apple may not beat estimates for the next few quarters.

“The March and June quarters could have downside risk, but it might not matter if investors remain optimistic about 2018,” Milunovich wrote. “Many investors are already looking to F18, where high retention rates and an aging installed base could drive significant upgrades.”

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19 things in tech we’re thankful for this year

TurkeyGobble! Gobble!REUTERS/Brian Snyder

Ah, Thanksgiving.

Turkey. Stuffing. Arguing over fake news stories with your crazy uncle.

What’s not to love?

Thanksgiving is a time for reflection, so the Business Insider tech reporting team likes to look back at all the products, services, and other tech gizmos we’re thankful for each year.

Keep reading to see our picks.

View As: One Page Slides

Steve Kovach, senior correspondent: Hey Siri, OK Google, and Alexa have changed the way I interact with a lot of my gadgets. These “wake commands” make it easy for me to get information or perform simple tasks on my phone or Amazon Echo.

Steve Kovach, senior correspondent: Hey Siri, OK Google, and Alexa have changed the way I interact with a lot of my gadgets. These "wake commands" make it easy for me to get information or perform simple tasks on my phone or Amazon Echo.

Amazon

Kovach: I’m also thankful for Amazon Prime. It’s tough to find time to shop, and I buy everything on Amazon from cat food to toilet paper. It more than pays for itself every year.

Kovach: I'm also thankful for Amazon Prime. It's tough to find time to shop, and I buy everything on Amazon from cat food to toilet paper. It more than pays for itself every year.

Rafi Letzter/Tech Insider

Rob Price, reporter: My Amazon Kindle. While I love reading physical books, the Kindle is an incredibly useful tool, and I’ve got more use from it than any other gadget. After six years, hundreds of books, and thousands of miles, mine finally gave up this year and I can’t wait to get another.

Rob Price, reporter: My Amazon Kindle. While I love reading physical books, the Kindle is an incredibly useful tool, and I've got more use from it than any other gadget. After six years, hundreds of books, and thousands of miles, mine finally gave up this year and I can't wait to get another.

Amazon

Kif Leswing, reporter: I’m thankful for iMessage and the fact that you can send them from your Mac. It’s pretty much the main way I keep in touch with friends and family, which are what I’m REALLY thankful for.

Kif Leswing, reporter: I'm thankful for iMessage and the fact that you can send them from your Mac. It's pretty much the main way I keep in touch with friends and family, which are what I'm REALLY thankful for.

Screenshot/Tech Insider

Jim Edwards, editor in chief of Business Insider UK: I’m thankful for Nuzzel, an app that gets rid of all the garbage on Twitter and saves only the best bits in the form of a constantly updated, super-relevant news source.

Jim Edwards, editor in chief of Business Insider UK: I'm thankful for Nuzzel, an app that gets rid of all the garbage on Twitter and saves only the best bits in the form of a constantly updated, super-relevant news source.

iTunes

Jim Edwards: I’m also thankful for the Reddit mobile app. You’re never bored if you have access to Reddit.

Jim Edwards: I'm also thankful for the Reddit mobile app. You're never bored if you have access to Reddit.

Reuters

Antonio Villas-Boas, reporter: I’m thankful for the devices that turned my old house into a smart house. I have a smart security system so I don’t have to wonder if I locked up after I leave, a smart thermostat, and a video doorbell.

Antonio Villas-Boas, reporter: I'm thankful for the devices that turned my old house into a smart house. I have a smart security system so I don't have to wonder if I locked up after I leave, a smart thermostat, and a video doorbell.

A shot from Antonio’s video doorbell.Screenshot from Vivint app

Julie Bort, editor: I’m thankful for Google Maps. I’m one of those people without a sense of direction and from traveling internationally to finding a new restaurant in my town, I couldn’t do it without this app.

Julie Bort, editor: I'm thankful for Google Maps. I'm one of those people without a sense of direction and from traveling internationally to finding a new restaurant in my town, I couldn't do it without this app.

Justin Sullivan/Getty Images

Julie Bort: I’m also thankful for MyFitnessPal. It’s not a perfect app, but it has made calorie counting and exercise tracking so much easier. I’m now using it with my friends to stay motivated during the dark of winter, when all we want to do is sleep and eat sweets.

Julie Bort: I'm also thankful for MyFitnessPal. It's not a perfect app, but it has made calorie counting and exercise tracking so much easier. I'm now using it with my friends to stay motivated during the dark of winter, when all we want to do is sleep and eat sweets.

Business Insider’s Julie Bort is an avid cyclist. Here she is with Lance Armstrong.Julie Bort

Avery Hartmans, reporter: I’m thankful for the VSCO app, which lets me quickly and easily make sophisticated edits to photos on my phone.

Avery Hartmans, reporter: I'm thankful for the VSCO app, which lets me quickly and easily make sophisticated edits to photos on my phone.

App Store

Avery Hartmans: I’m also thankful for the integration of Google services like Maps, Gmail, Photos, and Calendar. I love being able to pull up directions to my next meeting by clicking the address in my calendar, or quickly back up all my pictures so I can access them anywhere.

Avery Hartmans: I'm also thankful for the integration of Google services like Maps, Gmail, Photos, and Calendar. I love being able to pull up directions to my next meeting by clicking the address in my calendar, or quickly back up all my pictures so I can access them anywhere.

Google

Matt Rosoff, executive editor: I’m thankful for the Eero wireless router, which is the first WiFi system that was as easy to set up as promised and has blanketed my house in fast, reliable WiFi. It’s the best tech purchase I’ve made in a long time.

Matt Rosoff, executive editor: I'm thankful for the Eero wireless router, which is the first WiFi system that was as easy to set up as promised and has blanketed my house in fast, reliable WiFi. It's the best tech purchase I've made in a long time.

Antonio Villas-Boas/Business Insider

Matt Rosoff: I’m thankful for Slack. It lets our tech reporting team collaborate, gossip, and even joke around, which is super important since we’re collaborating across the country. I love the freewheeling nature of our Slack chats.

Matt Rosoff: I'm thankful for Slack. It lets our tech reporting team collaborate, gossip, and even joke around, which is super important since we're collaborating across the country. I love the freewheeling nature of our Slack chats.

Slack

Steven Tweedie, deputy editor: I’m thankful for my Hue lighting system at home, which lets me customize the warmth and color of all my lights (I hate the sterile glow of most bulbs). I can also set things up so everything turns on when I walk in the door, and it also plugs into my iPhone’s widgets and Siri so I don’t have to worry about light switches. If you’re a fan of uplighting, go with the Hue Lightstrips (pictured below) instead of the traditional bulbs.

Steven Tweedie, deputy editor: I'm thankful for my Hue lighting system at home, which lets me customize the warmth and color of all my lights (I hate the sterile glow of most bulbs). I can also set things up so everything turns on when I walk in the door, and it also plugs into my iPhone's widgets and Siri so I don't have to worry about light switches. If you're a fan of uplighting, go with the Hue Lightstrips (pictured below) instead of the traditional bulbs.

Steven Tweedie

Alexei Oreskovic, deputy editor: LinkedIn! It makes our jobs as reporters so much easier when we need to find sources.

Alexei Oreskovic: I’m also thankful for the algorithm-based elevator at our WeWork office in San Francisco. It doesn’t let you push a button for your floor and forces you to wait for whichever elevator its mysterious brain deems to be in your interest.

Alexei Oreskovic: I'm also thankful for the algorithm-based elevator at our WeWork office in San Francisco. It doesn't let you push a button for your floor and forces you to wait for whichever elevator its mysterious brain deems to be in your interest.

Melia Robinson/Business Insider

Lori Janjigian, intern: I’m thankful for the Kindle app on my iPad and Amazon’s selection of ebooks. It makes my commute to work so much easier to have a whole book at my fingertips.

Lori Janjigian, intern: I'm thankful for the Kindle app on my iPad and Amazon's selection of ebooks. It makes my commute to work so much easier to have a whole book at my fingertips.

iTunes

Matt Weinberger, reporter: I’m thankful for Twitter. Despite its many, many flaws it’s still been a fabulous tool for discussion, learning, and different perspectives. Boy howdy, do they have a lot of work to do though.

Matt Weinberger, reporter: I'm thankful for Twitter. Despite its many, many flaws it's still been a fabulous tool for discussion, learning, and different perspectives. Boy howdy, do they have a lot of work to do though.

Thomson Reuters

Nathan McAlone, editor: I’m thankful for the travel app Hopper, which tells me the optimal economic time to book my flights so I can see my family across the country in California without going bankrupt.

Nathan McAlone, editor: I'm thankful for the travel app Hopper, which tells me the optimal economic time to book my flights so I can see my family across the country in California without going bankrupt.

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unknown

May you and your family have a “happy, healthy & safe” Thanksgiving.

Give a loved one a kiss and enjoy.

my best

The GERBS

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On Women’s Entrepreneurship Day, words of wisdom from 10 female founders

Melissa Wylie, Bizwomen reporter

Kate McAleer

Kate McAleer, founder of organic candy bar company Bixby & Co., won a $100,000 investment from the Tory Burch Foundation.

Today marks the annual Women’s Entrepreneurship Day, the day when the world takes a moment to recognize the big dreams and hard-earned rewards of female founders everywhere.

The Women’s Entrepreneurship Day initiative was founded in 2014 to celebrate female entrepreneurs and shed light on their challenges.

Here’s a compilation of professional and personal lessons from 10 entrepreneurs who tackled the startup grind and emerged successful.See Also 8 female founders on going from corporate climber to entrepreneur


Kate McAleer, Bixby & Co.

McAleer beat out nine other female entrepreneurs for a $100,000 donation from the Tory Burch Foundation for her organic candy bar company. She did it by nailing down a pitch that resonated with investors.

“When people are looking to invest money, if you think about their mindset, they’re looking for a return on their investment,” McAleer said. “You have to show that influx of capital is going to have immediate effect.”


Kelly Peeler, NextGenVest

Peeler created a solution to the student loan debt crisis plaguing many young people, but she’s not giving it away for free. Even though her business is cause-driven, Peeler never shied away from wanting to turn a profit.

“I decided to do this as a business because I really believe in the philosophy of a for-profit, for-purpose company, one that does well by doing well and uses technology to scale impact,” Peeler said.


Sarah Michelle Gellar, Foodstirs

After starring in the TV series “Buffy the Vampire Slayer,” Gellar turned to entrepreneurship and launched a subscription baking kit. However, the food box delivery space is crowded, and being a celebrity doesn’t exempt Gellar from having to differentiate her business.

“We are taking advantage of all social platforms to involve our customers in the experience. The Foodstirs experience does not end with purchase. We offer alternative recipes, substitutions, how-to videos, as well as original content. I believe the modern consumer not only wants transparency in their food products, but they want their voices to be heard.”


Stephanie Lampkin, Blendoor

Lampkin had a firsthand experience with perceived unconscious bias in the tech world, and decided to do something about it with her blind hiring app. Confident in her mission to diversify the hiring process, Lampkin was never afraid to set a new precedent along the way.

“I’m very proud of the fact that this is not only something that is helping facilitate diversity in the workplace, but I’m also passionate about being a black woman engineer starting and running a company,” Lampkin said. “In the process of creating this company, I’m also catalyzing change in women that are willing to take the plunge to create businesses that have social impact.”


Kathryn Minshew, The Muse

Minshew wasn’t looking to raise capital for her job search platform, but investors approached her anyway. Instead of turning them away, she took them up on their offers and closed a $16 million Series B round giving the company a nice financial cushion.

“The best time to raise capital is when you don’t need it,” Minshew said.


Jessica Mah, InDinero

Mah’s accounting services and software business took off fast, growing exponentially in a handful of years. But as investments, employees and offices increased, workplace culture began falling apart. Mah learned to look out for those internal growing pains that can sink a company.

“More money, more employees, more problems,” Mah said.


Ruth Gresser, Pizza Paradiso

Throughout more than 20 years owning her own restaurant, Gresser made pizza the way she wanted to – without pepperoni. But eventually she had to meet growing customer demands, or risk losing them altogether. The pivot to pepperoni was a difficult but smart strategic decision for Gresser.

“We have this philosophy that we say ‘Yes,’” Gresser said. “One thing I tell the staff is to act as if we’re having a dinner party. This is the hospitality business.”


Karida Collins, Neighborhood Fiber Co.

When it comes to knitting, city-dweller Collins knows she doesn’t match the “quaint and cottagey” stereotype. Instead of trying to fit expectations, Collins decided to be herself, which in turn helped her create her brand of one-of-a-kind, vibrant, hand-dyed yarns.

“When I started this business I just jumped in without any real expectations. The more I became exposed to the larger knitting and yarn community, the more I realized that I was not the norm and the more I went out of my way to be publicly me. Not in your face. But more: ‘It can be like this, too.’ In terms of actual people who knit, there is a much larger variety than you might think.”


Joanna Griffiths, Knix Wear

Griffiths created a revolutionary bra to fit all facets of life, from the workplace to workouts, and unknowingly designed a product that met the needs of women diagnosed with breast cancer. Griffiths embraced the surprise demographic and gained a new pool of customers.

“This bra we made was a great option for women who had gone through surgery – no wire, no shape. If you have a prosthesis, it holds,” Griffiths said. “It wasn’t designed for this intentionally, but it was a really great happenstance.”


Jessica Herrin, Stella & Dot

Herrin had a tough time in high school, and most of her teachers didn’t think she could make anything of herself. She set out to prove them wrong, and eventually built her own direct-sales empire.

“You have got to believe in yourself. Not a little — a lot,” she said. “You have got to believe in yourself beyond reason.”

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Apple will debut three iPhones in 2017, according to a top Wall Street analyst.

The new devices will have upgraded camera and display technology, per MacRumor s, citing a new note out from KGI Securities analyst Ming-Chi Kuo. The Cupertino-based company will release two different sized devices with LCD screens — 4.7-inch and 5.5-inch displays. The third model will have an OLED screen. Both the 5.5-inch LCD model and the OLED model will have dual cameras.

“Based on this prediction, our forecast of dual camera adoption rate in new 2017F iPhone models is revised up from 30-40 percent to 65-75 percent,” Kuo wrote in the note. “It also bodes well for Apple’s dual camera software ecosystem.”

OLED screens provide a superior contrast ratio and have already launched on competing smartphones, including the Samsung Galaxy S7 and the Google Pixel. Apple is currently using OLED technology on the Apple Watch and on the Touch Bar of the new MacBook Pro.

Japanese website Nikkei reported earlier this year that these latest iPhones will also be glass-backed. The report stated the OLED model is expected to have a curved edge-to-edge display.

It remains to be seen if better cameras, flashier screens and glass backing will excite Apple fans. As iPhone prices have shot up, sales have slowed down. The iPhone 7’s suggested retail price starts at $649, which is expensive in the U.S. and nearly unaffordable in emerging markets. Apple sold 45.51 million iPhones in its recent fourth quarter, down 5 percent from the same time period last year. The company said in July that iPhone unit sales were down 8 percent during the third quarter compared with the same period last year.

Still, the company is expecting robust holiday sales. The company delivered a bullish holiday forecast, saying it expected to pull in $76 billion to $79 billion in sales, slightly higher than analyst expectations. The surge will be due, in part, to the failed launch of Samsung’s Note 7, which were recalled due to exploding devices.

Apple recently reported fourth-quarter revenue of $46.9 billion, in line with analyst expectations. The company earned $9 billion in profits, or roughly $1.67 per share — about 2 cents better than expectations. That was down from the same time period last year, when Apple reported revenue of $51.5 billion and $11.1 billion in profits.

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Fenwick & West -Silicon Valley Venture Capital Survey – Third Quarter 2016

Background

We analyzed the terms of 149 venture financings closed in the third quarter of 2016 by companies headquartered in Silicon Valley.

Overview of Results

The weakening in venture valuations that began in the second half of 2015 continued in 3Q16, with two of our three valuation metrics declining. Overall the valuation metrics have returned to their 12 year averages after a very strong 2014-2015.

  • Up rounds exceeded down rounds in 3Q16, 71% to 14%, with 15% flat. This was a decline from 2Q16 when up rounds exceeded down rounds 74% to 13%, with 13% flat. This was the fourth straight quarter in which the number of up rounds declined and the lowest percentage of quarterly up rounds since 2Q13.
  • The average price increase of financings in 3Q16 compared to the prior financing round (the “Barometer”) was 52%, an increase from the 40% recorded in 2Q16. This increase was primarily due to two (life science) companies that closed financings with price increases five or more times their prior round. There were no such financings in 2Q16.
  • The median price increase of financings in 2Q16 compared to the company’s prior financing was 31%. This was a decline from the 36% recorded in 1Q16, the fourth straight quarterly decline and the lowest median increase since 4Q13. The 12 year average median increase is 28%.
  • The median price increase of financings in 3Q16 compared to the prior financing round was 27%, a decline from the 31% recorded in 2Q16. This was the fifth straight quarterly decline and the lowest median price increase since 4Q13.
  • The strongest industry was “Other”, which consists primarily of venture backed food and personal care/fashion companies. Although software was the next strongest industry, its average price increase was the lowest since 3Q10.

Click here for the full survey.

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memorial unknown-1

For those who Serve, for those who have Served and for those who have paid the ultimate Sacrifice;

With RESPECT, with HONOR and with DIGNITY;

We say “Thank you for your Service”

May GOD Bless and Protect our troops.

 

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