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IT’S OFFICIAL: Intel is buying the autonomous-driving company Mobileye for $15.3 billion

A device, part of the Mobileye driving assist system, is seen on the dashboard of a vehicle during a demonstration for the media in Jerusalem October 24, 2012. REUTERS/Baz RatnerMobileye technology.Thomson Reuters

Intel is buying the Israeli autonomous-driving company Mobileye for $63.54 a share in cash, or about $15.3 billion.

Mobileye soared about 30% in premarket trading Monday after the Israeli newspaper Haaretz broke the news.

The Jerusalem-based company develops vision-based driver-assistance tools to provide warnings before collisions.

“Mobileye brings the industry’s best automotive-grade computer vision and strong momentum with automakers and suppliers,” Intel CEO Brian Krzanich said in a statement.

“Together, we can accelerate the future of autonomous driving with improved performance in a cloud-to-car solution at a lower cost for automakers.”

Tesla began incorporating Mobileye’s technology into Model S cars in 2015.

In January, it announced it was developing a test fleet of autonomous cars together with BMW and Intel.

Mobileye was cofounded in 1999 by Amnon Shashua, an academic, and Ziv Aviram, who is the CEO. Goldman Sachs and Morgan Stanley took it public in 2014.

Here’s the full press release:

SANTA CLARA, Calif. & JERUSALEM–(BUSINESS WIRE)–Intel Corporation (NASDAQ: INTC) and Mobileye N.V. (NYSE: MBLY) today announced a definitive agreement under which Intel would acquire Mobileye, a global leader in the development of computer vision and machine learning, data analysis, localization and mapping for advanced driver assistance systems and autonomous driving. Pursuant to the agreement, a subsidiary of Intel will commence a tender offer to acquire all of the issued and outstanding ordinary shares of Mobileye for $63.54 per share in cash, representing an equity value of approximately $15.3 billion and an enterprise value of $14.7 billion.

The combination is expected to accelerate innovation for the automotive industry and position Intel as a leading technology provider in the fast-growing market for highly and fully autonomous vehicles. Intel estimates the vehicle systems, data and services market opportunity to be up to $70 billion by 2030. This transaction extends Intel’s strategy to invest in data-intensive market opportunities that build on the company’s strengths in computing and connectivity from the cloud, through the network, to the device.

This acquisition will combine the best-in-class technologies from both companies, spanning connectivity, computer vision, data center, sensor fusion, high-performance computing, localization and mapping, machine learning and artificial intelligence. Together with partners and customers, Intel and Mobileye expect to deliver driving solutions that will transform the automotive industry. The combined global autonomous driving organization, which will consist of Mobileye and Intel’s Automated Driving Group, will be headquartered in Israel and led by Prof. Amnon Shashua, Mobileye’s Co-Founder, Chairman and CTO. The organization will support both companies’ existing production programs and build upon relationships with automotive OEMs, Tier-1 suppliers and semiconductor partners to develop advanced driving assist, highly autonomous and fully autonomous driving programs. Intel Senior Vice President Doug Davis will oversee the combined organization’s engagement across Intel’s business groups and will report to Prof. Amnon Shashua after the transaction’s closing.

“This acquisition is a great step forward for our shareholders, the automotive industry and consumers,” said Brian Krzanich, Intel CEO. “Intel provides critical foundational technologies for autonomous driving including plotting the car’s path and making real-time driving decisions. Mobileye brings the industry’s best automotive-grade computer vision and strong momentum with automakers and suppliers. Together, we can accelerate the future of autonomous driving with improved performance in a cloud-to-car solution at a lower cost for automakers.”

“We expect the growth towards autonomous driving to be transformative. It will provide consumers with safer, more flexible, and less costly transportation options, and provide incremental business model opportunities for our automaker customers,” said Mr. Ziv Aviram, Mobileye Co-Founder, President and CEO. “By pooling together our infrastructure and resources, we can enhance and accelerate our combined know-how in the areas of mapping, virtual driving, simulators, development tool chains, hardware, data centers and high-performance computing platforms. Together, we will provide an attractive value proposition for the automotive industry.”

As cars progress from assisted driving to fully autonomous, they are increasingly becoming data centers on wheels. Intel expects that by 2020, autonomous vehicles will generate 4,000 GB of data per day, which plays to Intel’s strengths in high-performance computing and network connectivity. The complexity and computing power of highly and fully autonomous cars creates large-scale opportunities for high-end Intel® Xeon® processors and high-performance EyeQ®4 and EyeQ®5 SoCs, high-performance FPGAs, memory, high-bandwidth connectivity, and computer vision technology.

Transaction Details and Timing

The transaction is expected to be accretive to Intel’s non-GAAP EPS and free cash flow immediately. Intel intends to fund the acquisition with cash from the balance sheet.

The transaction is expected to close within the next nine months. It has been approved by the Intel and Mobileye Boards of Directors and is subject to the receipt of certain regulatory approvals and other closing conditions. The offer is not subject to any financing conditions.

An Extraordinary General Meeting of Mobileye’s shareholders will be convened in connection with the offer to adopt, among other things, certain resolutions relating to the transaction.

For further information regarding the terms and conditions contained in the definitive agreement, please see Intel’s Current Report on Form 8-K and Mobileye’s Current Report on Form 6-K, which will be filed with the Securities and Exchange Commission in connection with this transaction. The offer will be described in more detail in a tender offer statement on Schedule TO to be filed by Intel and one or more of its subsidiaries and a solicitation/recommendation statement on Schedule 14D-9 to be filed by Mobileye.

Citi and Rothschild Inc. serve as financial advisors and Skadden, Arps, Slate, Meagher & Flom LLP serves as legal counsel to Intel. Raymond James & Associates, Inc. serves as financial advisor and Morrison & Foerster LLP serves as legal counsel to Mobileye.

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Apple is preparing an updated MacBook Pro for later this year

macbook pro Apple

Apple is planning to launch an updated version of the MacBook Pro later this year, according to a new report from Bloomberg ace Mark Gurman.

This updated MacBook Pro could feature a new Apple-designed chip designed for low-power consumption.

Apple designs the primary application processor chip inside of its iPhones, a major competitive advantage that allows Apple’s phones and tablets to boast better performance than Android devices.

Using that expertise from the iPhone, Apple is planning to add more Apple-designed silicon to the Mac, according to the Bloomberg report. The report notes Apple is not planning to dump Intel, which makes the processors for Macs, anytime in the near future, but that a new Apple-made chip might show up in the new version of the MacBook Pro that may release later this year, according to the report.

Instead, the new Apple chip, codenamed T310, will be based on the embedded processor currently used in the new MacBook Pro with Touch Bar, which is used for the computer’s eponymous Touch Bar technology as well as Touch ID. In the new MacBook Pro coming later this year, the new Apple chip could run the laptop’s low-power mode to fetch emails and other data while the computer is asleep, leading to lower power consumption and better battery life.

Apple leadership has implied some of the reason for complaints about Apple’s latest laptops have been related to Intel chip limitations. Apple is also suing its primary mobile silicon partner, Qualcomm, for $1 billion.

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8 reasons why Google’s Pixel is better than the iPhone

pixel and iphoneAntonio Villas-Boas/Business Insider

I’ve been using Google’s Pixel XL smartphone for a few weeks, and it’s been highlighting the iPhone’s glaringly lacking key features.You should note that everything here is subjective. The iPhone has great features that the Pixel doesn’t have, and the Apple ecosystem is in a league of its own.

But damn the Pixel is good.

You should also note that I’m comparing the Pixel XL experience with my iPhone 6s and not the iPhone 7 series. That’s because I have more experience with the 6s Plus, as it’s been my phone for the last 9 months. On top of that, the iPhone 6s Plus isn’t that much different, as a whole, than the iPhone 7. The performance between both phones is still comparable, and the 7’s camera upgrades aren’t as important as some of the Pixel’s more functional features.

Check out what I think makes the Pixel a better phone than the iPhone:

The Pixel is lighter.

The Pixel is lighter.

Antonio Villas-Boas/Business Insider

My iPhone 6s Plus’ weight (192 grams) never bothered me until I picked up the Google Pixel XL (168 grams). The iPhone 7 Plus is slightly lighter than the 6s Plus at 188 grams, but only by 4 grams, so I’d still consider the 7 heavy compared to the Pixel.

The Pixel’s lighter weight has no ill effect on its reliability, and it’s easier to manage in your hands.

The Pixel’s screen is stunning.

The Pixel's screen is stunning.

Antonio Villas-Boas/Business Insider

Above, the Pixel XL and iPhone 6s Plus are showing the same photo on full brightness (taken with the Pixel, by the way). The iPhone’s LCD screen is nice, but the colors aren’t as rich, and the contrast isn’t as pronounced as on the Pixel’s AMOLED display.

The Pixel’s design is more utilitarian than it is beautiful, but its sharper AMOLED screen outshines the iPhone’s Retina display.

The iPhone 7 Plus has a 1080p screen that’s fine and sharp enough, but the Pixel’s 1440p screen is sharper.

More importantly, the Pixel’s AMOLED screen makes everything it displays look better than on the iPhone’s LCD display. Pictures, videos, and apps pop with inky blacks and vibrant (but not oversaturated) colors on the Pixel, which makes for a more premium and modern look overall.

The Pixel has a clever way to add grip.

The Pixel has a clever way to add grip.

Antonio Villas-Boas/Business Insider

I don’t like cases, but I have to use one for my iPhone. As nice as the iPhone’s metal back and edges are, they don’t offer any grip, and I’ve dropped and dinged my iPhone a couple times as a result.

The glass inlay on the Pixel’s back doesn’t look particularly nice (it looks better on the white model), but it’s actually a great grip for your index finger, which makes the Pixel feel more secure in your hands as you hold it.

Fast charging.

Fast charging.

SuperSaf TV/YouTube

Above, SuperSaf TV, a tech YouTube channel, tested the charging times of the Pixel XL, iPhone 7 Plus, and Galaxy S7 Edge with the chargers included in each phone’s packaging. After two hours of charging, the Pixel XL is nearly 100 percent charged while the iPhone 7 Plus is dragging its feet at 72 percent. Meanwhile, the Galaxy S7 wiped the floor with the other two, having charged to 100 percent after an amazing one hour, 29 minutes.

Fast charging is actually a huge deal. The Pixel’s USB-C fast charging is faster than the iPhone’s comparatively slow charging, and it’s one of the harder things to adjust to when I switch back to the iPhone.

I can choose to make the Pixel work faster.

 

I can adjust Android to make it feel faster than iOS by cutting down, or removing altogether, the animations when I open apps and swipe between screens.

iOS, on other hand, won’t let me touch its animations.

Pixel has better battery life, thanks to Android.

Android’s Doze feature is exceptionally effective. It does a fantastic job of reducing the Pixel’s power consumption when I’m not using it compared to iOS on my iPhone.

The Pixel is slightly smaller, but has the same size screen.

The Pixel is slightly smaller, but has the same size screen.

Antonio Villas-Boas/Business Insider

The difference is slight, but it’s there and noticeable on a device you hold and use multiple times a day.

The iPhone is in the lower end in terms of screen-to-bezel ratio (67.7 percent) compared to the Pixel XL (71.2 percent).

I prefer Android overall.

I prefer Android overall.

Antonio Villas-Boas/Business Insider

I simply get along better with Android than I do with iOS.

Apple still hasn’t figured out how to show me notifications in iOS as well as Android does. They’re easier to manage from the Android lock screen, where I can clear notifications away with one swipe compared to iOS’ swipe-and-tap to clear. I can also pull down on the notifications to peek at more details compared to iOS, too, which doesn’t show me very much.

Notifications also manage themselves better in Android. For example, when I open a new email or Hangouts conversation on my computer, Android will automatically clear those notifications on the Pixel, whereas the notification remains on my iPhone until I manually clear them.

It’s also impossible in iOS to swipe up the control panel for things like changing the brightness when the on-screen keyboard is on. On Android, I can easily swipe down from the top of the screen to get access to the most important settings from any app, whether the keyboard is on or off.

The universal back-button that simply brings you back to the last screen or page you were on is incredibly useful, as it’s always in the same placeOn iOS, the back button for apps and screens can differ from app to app.

There’s also the usual “I can hide my apps in the app drawer and put them wherever I want on the home screen” customization argument, which has been a classic Android argument since its release.

Finally, for those who use voice-activated assistant, Google’s Assistant has proven to be far more advanced than Siri, too.

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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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Forget the iPhone 7 — here are 10 reasons the 2017 iPhone will blow everyone away

iphone 8ConceptsiPhone/YouTube

Next year marks the 10-year anniversary of the iPhone, and all rumors are pointing to a radical redesign.

This month, there was a pretty considerable spill of information by a top industry executive regarding two new features. We also saw rumors about a a third model with a new screen size, as well as some current rumors reinforced by fresh leaks.

Check out the latest rumors surrounding Apple’s next NEXT iPhone.

This will not be an “S” model of the iPhone 7.

This will not be an "S" model of the iPhone 7.

Apple

MacRumors spotted a report from an analyst at Barclay’s that claims Apple will skip the “S” model this year, which has historically followed each new phone version, and jump directly from the iPhone 7 to the iPhone 8, or possibly “10,” in 2017.

Since 2017 marks the iPhone’s 10th anniversary, it wouldn’t be surprising if Apple does something special to mark the anniversary of its most important product.

The front surface will be all display with no borders or bezels.

The front surface will be all display with no borders or bezels.

ConceptsiPhone/YouTube

Rumors that the iPhone 10 will have an all-display front surface first emerged from John Gruber, the plugged-in Apple blogger and podcaster from Daring Fireball.

Gruber claims he has heard insider scuttlebutt that the iPhone 10’s front won’t have any bezels or borders, and that it’ll be one large display.

It will mostly be made of glass with an aluminum frame.

It will mostly be made of glass with an aluminum frame.

Tyler/Flickr

A report from Apple analyst Ming Chi Kuo, who often accurately predicts new Apple products and features, says that the iPhone 10’s body will be made of glass. If so, it could have a similar aesthetic as the iPhone 4 and 4s, both of which had a glass back.

A recent report from Japanese news site Nikkei claims that Apple is, indeed, ditching the metal back design for an all-glass back and metal frame.

There will be a third “high-end” model with a larger screen with a stainless steel frame.

There will be a third "high-end" model with a larger screen with a stainless steel frame.

A custom iPhone 5s made to look even more premium than the original models.Gold genie

A report from Kuo predicts Apple will release a third “high-end” model with a larger 5.8-inch screen compared to the Plus model’s 5.5-inch screen.

Kuo also claims it’ll have a stainless steel frame rather than the aluminum, which is more often used than steel in smartphones.

Others say the “third” iPhone model will have a 5-inch screen.

Others say the "third" iPhone model will have a 5-inch screen.

REUTERS/Stephen Lam

Nikkei’s report claiming that Apple will use glass instead of metal for the upcoming iPhone’s back also claimed Apple will release a model with a 5-inch display.

If true, Apple would have a decently comprehensive lineup that caters to a wide range of screen-size preferences. We’d have the 4-inch iPhone SE (and its potential successor), as well as 4.7, 5, and 5.5-inch iPhones.

The home button will be invisible.

The home button will be invisible.

Antonio Villas-Boas/Tech Insider

Gruber claims the home button, which also houses the fingerprint sensor, will be embedded into the front glass panel, making it invisible.

Gruber’s claims line up nicely with rumors posted by tech site i4u that a future iPhone will have an embedded home button.

Recently, Chinese tech giant Xiaomi released new phones with the same technology that Apple described in a patent for alternative home buttons, which could give us an idea of how a future home button on the iPhone 10 could work.

It will have an incredible screen.

It will have an incredible screen.

Antonio Villas-Boas/Business Insider

Rumors from The Korea Herald news site suggest the 2017 iPhone will have an AMOLED display, which would look better than the LCD display in current iPhones.

And most recently, Sharp President Tai Jeng-Wu talked to students at the University of Taiwan about future iPhones, saying that new devices will include OLED screen technology.

It will have wireless charging.

It will have wireless charging.

SCAVidsHD/YouTube

The Barclay’s analyst report summarized by MacRumors claims that the iPhone 10 will have wireless charging.

We also know that Apple is looking into the technology from a patent filed on September 9.

The latest information spill from Sharp President Tai Jeng-Wu to University of Taiwan students included wireless charging.

It won’t have a headphone jack.

It won't have a headphone jack.

AP

Since the iPhone 7 doesn’t have a headphone jack, we can expect future iPhones won’t feature a headphone jack, either.

The smaller model will not get the a dual lens camera like the iPhone 7 Plus.

The smaller model will not get the a dual lens camera like the iPhone 7 Plus.

Andri Koolme/Flickr

Ming Chi Kuo believes the dual-lens camera will remain an exclusive feature for the larger iPhone models from 2017 onward.

There might have been a glimmer of hope that the dual-lens camera would make its way down to the smaller iPhone model, as the optical image stabilization (OIS) that was exclusive to the iPhone 6s Plus trickled its way down to the regular iPhone 7. But if Kuo’s predictions are true, this will not be the case.

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Microsoft’s Surface boss explains the master plan behind the new Surface Studio PC

microsoft surface panos panayMicrosoft Corporate VP of Devices Panos PanayMatt Weinberger/Business Insider

The whole point of the original Microsoft Surface tablet, released in 2012, was to show PC manufacturers and the world just how good a touchscreen-enabled Windows PC could be, Microsoft CVP of Surface Panos Panay told Business Insider earlier this year.

“We needed to ensure it would happen right,” Panay said at the time.

So when Microsoft last week unveiled the Surface Studio — a gorgeous all-in-one PC that doubles as a touchscreen drafting table for creatives — it raised a big question.

If the Surface was designed to bring the Windows PC industry around to touchscreens, what does the Surface Studio do for Microsoft?

“The entire ecosystem benefits when we create new categories and experiences that bring together the best of hardware and software,” Panay tells Business Insider. He calls the Surface Studio “a new way for people to experience Windows 10, Office, Skype and more.”

To clarify, Panay is saying that the Surface Studio brings Windows 10 and the rest of Microsoft’s family of apps to new audiences. So far, judging from the earliest reviews and impressions, the Surface Studio is at least winning the interest of the artists and creative types that have historically formed much of Apple’s base.microsoft surface studioMicrosoft Surface Studio, with the Surface Dial accessory.Microsoft

That, in turn, brings new users into the Windows 10 fold that otherwise may have stayed on Team Apple. That’s good for Microsoft, as it works around the clock to spur the growth of Windows 10 amid mounting competition. As Panay told us earlier this year, hardware is “part of the growth story for Windows and for Microsoft.”

And in the same way that you saw other companies (including Apple) copy the Surface tablet and Surface Book laptop design for their own devices, Panay says Microsoft is expecting history to repeat itself.

“With Surface, we pioneered new experiences for our customers and we’ve seen others in the industry follow suit,” Panay says. “I expect that we may see the same with this new category, and that would be a great thing for customers and for Windows.”

Which is to say, expect Windows PC manufacturers to follow Microsoft’s lead and build their own takes on the Surface Studio, the same way that companies like Lenovo and Samsung have built their own Surface Pro-like tablets.

Surface switch

On a final note: Back in August, Panay mentioned that despite the Surface Book’s trademark detachable tablet display, Microsoft thought of it as a laptop first and foremost — cool as it is to turn your screen into a standalone tablet, he didn’t expect people would make daily use of the feature.

So I asked Panay how Microsoft is thinking about the Surface Studio. Do they think it’s mostly a desktop PC, or mostly a mega-sized drawing table? Panay says that “every feature was highly scrutinized” to make it something that feels natural, even if you’re constantly switching between using it as a PC or tilted to use it as a drafting table.

microsoft surface studioThe Microsoft Surface Studio, with the Surface Dial accessory.Microsoft

“We wanted to create a device that follows you through your creative process and adapts to your need in that moment,” Panay says. “We think people will naturally flow between desktop and studio mode as they move through their process and their day.”

The Microsoft Surface studio launches this holiday season starting at $2,999.

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