 WEEKEND ROUNDUP | |
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A rough week for Apple points to more problems down the road This week Apple was not only dealt a negative class-action lawsuit ruling by the US Supreme Court, but now rising trade tensions with China threaten to impact iPhone demand.
What does this ruling mean for Apple? The company will now have to defend its practices in a lower court, opening it up to losses in the future if it fails to defend its position.
What could a trade war mean for Apple? Apple is especially vulnerable to a trade war with China because that's where it assembles the iPhone. Higher tariffs would force the firm to either absorb the costs or increase the price of its devices — which many consumers already deem too expensive.
Business Insider Intelligence's Ayoub Aouad has the full story. | |
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| | | The US government made two announcements that threaten Huawei's ability to do business in the US and abroad. Read More → | | | | |
| | | Walmart has announced a one-day shipping offering, dubbed "NextDay delivery," that will be available for up to 220,000 products through Walmart's website. Read More → | | | | |
| | | At its annual I/O developer conference last week, Google made a slew of announcements that provide a glimpse into the company's long-term growth strategies. Read More → | | | | |
| | | China has decided to retaliate against the US' tariff hike from 10% to 25% on $200 billion of Chinese goods by taking $60 billion worth of US goods that previously had tariffs of 5-10% and placing those items into four new tariff groups: 25%, 20%, 10%, and 5%. Read More → | | | | |
| | | Amazon CEO Jeff Bezos revealed in the company's annual letter to shareholders last month that third-party sellers make up a bigger share of sales on Amazon's marketplace than Amazon itself. Read More → | | | | |
| | | In yet another signal it's knuckling down on health innovation, Apple secured worldwide rights to a patent for a system that tracks consumers' health conditions — like asthma — while they sleep. Read More → | | | | |
| | | Hong Kong's Monetary Authority granted virtual banking licenses to Ping An Insurance's subsidiary Ping An OneConnect, Ant Financial Services' unit Ant SME Services, Xiaomi-AMTD Group's Insight Fintech HK, and the Infinium consortium that includes Tencent Holdings. Read More → | | | | |
| | | On Monday, Google announcedthe launch of "Bumper Machine," a tool that will use machine learning to automate the creation of six-second ads from existing YouTube video ads of up to 90 seconds in length. Read More → | | | | |
| | | In a wide-ranging interview released prior to Uber's initial public offering (IPO), CEO Dara Khosrowshahi said that it's "a toss-up" as to whether Uber Eats becomes bigger and more profitable than its core ride-hailing segment in the long term. Read More → | | | | |
| | | Last year, online pharmacy PillPack was on track to more than triple its annual revenue to surpass $1 billion by 2020 — just two years after being acquired by Amazon for $750 million. Read More → | | | | |
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| | | Fintechs — including alt lenders, payment providers, and lending platforms — are changing the SMB lending space by filling that gap and capturing an increasingly large sliver of the SMB lending market. In the SMB Lending Report, Business Insider Intelligence will examine the key players in the SMB lending space, determine the advantages of each player, and discuss how incumbents can improve their offerings to better serve SMBs and stave off the growing competition from alt lenders in the space. Additionally, we will look at what the future of SMB lending will hold. Learn More → | | | | |
| | | In a new report, Business Insider Intelligence, Business Insider's premium research service, explains how the age of e-commerce is opening up cracks in UPS and FedEx's duopoly. We then outline how Amazon's logistics ambitions began as an effort to more quickly get parcels out the door and fulfill its famous 2-day shipping process and how it'll be a key building block for the company if it builds out a last-mile service. Lastly, we offer concrete steps that the firm must take to maximize the dent it makes in UPS and FedEx's duopoly. Learn More → | | | | |
| | | Stories are on track to become the main format for social media consumption, providing brands with a massive and vital opportunity to reach consumers. The viral acceptance of Stories, their accelerating usage, and their highly engaging nature make it imperative for brands to use the format. In The Stories Report, Business Insider Intelligence identifies the most popular platforms for Stories features, defines best practices to maximize engagement without alienating users, and pinpoints challenges hindering brand adoption for the future. Learn More → | | | | |
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