Airpods are now sold out for the holidays at Apple Stores. Macworld Staff Writer Michael Simon explains why this tech accessory is now resonating with consumers.
Apple struggled at first to capture the attention of the market with its cordless Airpods. Simon says it is typical for Apple to create demand for products on surface that don't seem revolutionary at first. Then people use them, word spreads, and all of a sudden everyone wants them.
Rumors surfaced on Tuesday Apple will release a new, more expensive Airpod model in 2018. Simon says little detail has been reveal. Simon expects to see a slightly smaller "neck" on the accessory, and potentially some new colors. Simon also says he'd like to see a true Siri integration with the Airpod in the future.
The stationary bike and treadmill maker is now valued at over $4 billion after its latest funding round. Maureen Farrell, reporter at the Wall Street Journal, tells Cheddar that most companies claim to be the Netflix of their industry, but in Peloton's case, it may actually be true.
Shares of the connected security camera maker rose as much as 35 percent from the stock's IPO price, but CEO Matthew McRae isn't worried he left money on the table. McRae also told Cheddar that Arlo, a Netgear spinoff, is "more friends than enemies" with strategic partners Amazon and Google, which offer competing devices.
The world's most valuable publicly traded company may actually be worth closer to $1.5 trillion, says Eric Jackson, founder and president of the investment firm EMJ. "This is a company that should be valued as a services business," he says, and that it should trade at a higher multiple to sales.
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Junta Nakai, global head of business development at fintech company Selerity, says automation in the financial industry has so far been primarily used by the consumer. But his technology will fundamentally change the way traders and financial analysts work.
The speaker maker acknowledged in its IPO filings that one risk to its business could be that partners like Amazon and Google could end their deals at any time. But on the day of the company's market debut, Sonos VP of Finance and Investor Relations Mike Groeninger says his company provides a "winning formula" and he's not worried. Sonos stock opened at $16 a share, above the IPO price, but below its expected range.
Mark Spiegel, managing member of Stanphyl Capital, says Tesla's second quarter was "just horrible," citing the electric carmaker's greater-than-expected loss, its cash-flow deficit and low demand for its Model 3 vehicle. Still, Spiegel says Tesla's current quarter could be the company's best ever, it just won't be as good as CEO Elon Musk says it will be.
Speaker maker Sonos went public Thursday, putting up almost 14 million shares for sale. Rob Marvin, associate features editor at PC Mag, breaks down what sort of competition and challenges the company will face moving forward.
These are the headlines you Need2Know for Thursday.
Tesla posted a bigger than expected loss, but CEO Elon Musk promises that by next quarter, the electric carmaker will turn a profit. Musk also apologized for his rude behavior during the first quarter earnings call, and investors seemed to accept his apology, as shared jumped after his comments.
