Amid reports that iPhone 8 sales are reportedly falling below expectations, with the CEO of Rogers Communications going so far as to call iPhone 8 demand "anemic," Apple's financial prospects for the next year rest heavily on the company's highly anticipated iPhone X. Set to hit store shelves on November 3, initial iPhone X supply will reportedly fall in the 2-3 million range at launch, which is to say that many interested buyers may have to wait until late 2017 or even early 2018 before getting Apple's next-gen iPhone in their hands. With so much riding on the iPhone X, one can be forgiven for assuming that Apple -- supply issues notwithstanding -- might push prospective iPhone buyers to opt for the more margin-friendly iPhone X as opposed to less profitable devices like the iPhone 8 or even iPhone 7. Addressing this question head-on, Apple retail executive Angela Ahrendts told CNBC today that Apple store employees will assuredly not try and upsell customers on the iPhone X. On the contrary, employees will simply try and recommend a device that best suits what a given customer is looking for. Wwhile in Chicago to help celebrate the opening of a new flagship store along the Chicago riverwalk, Ahrendts said the following during her CNBC interview. Internally we said the tagline was 'an iPhone for everyone. I prefer that we ask you who you're buying it for. If they're 6 or 7 years old, what do they need? If it's someone who's leaning into something else, what do they need? We do that with Mac, we do that with iPad, why wouldn't we do that with [the] phone? Drawing an analogy to the fashion world -- which the former Burberry CEO certainly understands better than most anyone -- Ahrendts also intimated that the customer relationship in the long-run easily outweighs any gains to be had by selling consumers a higher-margin device that they really don't need. "The way we look at it is building a relationship," Ahrendts explained. "It's no different from fashion. Don't you go back to someone who's taken really good care of you, who you trust, to make you a better version of yourself?" All that said, with the iPhone X representing the first real redesign to the iPhone form factor since 2014, I'm pretty sure that Apple won't be needing to convince anyone to opt for the iPhone X over the iPhone 8.
LOS ANGELES (AP) - A judge on Friday tossed out a $417 million jury award to a woman who claimed she developed ovarian cancer by using Johnson & Johnson talc-based baby powder for feminine hygiene.
ANAHEIM, Calif. (AP) - Former White House adviser Steve Bannon on Friday depicted former President George W. Bush as bumbling and inept, faulting him for presiding over a "destructive" presidency during his time in the White House.
General Electric Co's new chief executive vowed on Friday to shed more than $20 billion worth of assets and hold executives accountable for failing to deliver profits after what he called "horrible" results in the third quarter. Investors are pushing for big change after more than a decade of frustration at poor returns from the 125-year-old maker of power plants, jet engines, medical devices and other industrial equipment. A $1,000 investment on the day former CEO Jeff Immelt started his tenure would be worth $1,006.38 today.
Terry Tan-Soo I-Hse, 39, and Clarence Lim Jun Yao, 30, were jointly charged by the Commercial Affairs Department and Ministry of Manpower (MOM) in the State Courts. According to an MOM media statement, Tan-Soo was the director of the employment agency Asia Recruit, while Lim was the director of Asiajobmart and UUBR International. Asia Recruit is now known as Asiajobmart while UUBR is now known as Connectsia. MOM has since imposed a ban on Lim and his firms, Asiajobmart and UUBR, from employing any new foreign workers and from renewing any work passes.
The final stage of the Downtown Line will be a game-changer for residents in the east of Singapore, said Transport Minister Khaw Boon Wan.