Here are today's top 10 stories from Tech News Today for October 16, 2013:
- Reuters reports Apple has told manufacturers it will cut orders of the iPhone 5C for the final three months of the year. Investors reacted positively to this news as it seems to indicated consumers are buying the higher-priced iPhone 5S in greater numbers than expected. Canaccord Genuity analysts said the iPhone 5S is outselling 5C by 2.5 times to 1, boosting Apple's margins. Reuters source said Pegatron had their order for the 5C cut by 20% and a WSJ source said FoxConn had their order cut by a third. Analysts point out that the complexity of the supply chain means a cut in manufacturing may or may not correlate with lower sales. Read more at reuters.com.
- Square Cash is officially open to anyone in the US with an email address. You just send an email to the recipient with "firstname.lastname@example.org" in the CC field and the dollar amount in the subject line. If you and your recipient are new to the service, you'll both get an email from Square with a link to a secure website where you can enter in your debit card number. After that, those funds will be transferred in one to two business days. It's free to send and receive, though you're limited to sending $2,500 a week. Read more at engadget.com.
- The Cupertino City Council unanimously approved Apple's new spaceship campus. The new Apple headquarters will be 2.8-million square feet and house over 14,000 employees. By regulation, there will be one more vote on November 15th, but that is considered a formality. Construction on Apple's new home should start by the end of the year. Read more at mercurynews.com.
- Ubisoft SA stock fell the most it ever has after announcing the highly-anticipated video game Watch Dogs as wells The Crew would not be released in time for the holiday season. Ubisoft predicted an operating loss of 40 to 70 million Euros causing shares to fall as much as 32%. Ubisoft has increased its focus on making high-quality titles, even if that means fewer releases. Read more at bloomberg.com.
- Twitter has filed an amendment to its S-1 filing with the U.S. Securities and Exchange Commission, confirming that it is going to file its initial public offering on the New York Stock Exchange under the ticker symbol "TWTR." CNBC reports the company road show will begin on Oct. 25. The network also reported that Twitter is expected to price after the markets close on Nov.14 and to debut for trading on Nov.15. Read more at allthingsd.com.
- Sony's officially introduced the the A7 and A7r full-frame mirrorless cameras after they were leaked earlier this week. Sony says these are the world's smallest and lightest interchangeable-lens full-frame digital cameras. The $1700 A7 tops out at a resolution of 24.3 megapixels, while the $2300 A7r can take 36.4 megapixel stills. Both are available for pre-order right now and will ship in December. Read more at techcrunch.com.
- Intel's earnings beat analysts estimates but remained flat year over year. The company reported revenue of $13.48 billion and earnings of 58 cents a share. Analysts had expected $13.47 billion and earnings of 53 cents a share. CEO Brian Krzanich announced the 14-nanometer Broadwell chip will be delayed until the first quarter of 2014. Broadwell will mean devices can be thinner lighter and faster with longer battery life. The delay in Broadwell should not delay it's successor, Skylake. Read more at venturebeat.com.
- Researchers from the University of Buffalo, New York have tested an "underwater wi-fi" network in a lake in an attempt to make a "deep-sea internet". The team says the technology could help detect tsunamis and create reliable warning systems. Unlike normal wi-fi, which uses radio waves, the submerged network technology utilises sound waves. Sound waves provide a better option than radio waves, just ask dolphins. the challenge now with Wireless communication underwater is getting separate systems used by different organisations to communicate with each other. Read more at bbc.co.uk.
- Akamai's state of the Internet report is out. Among the findings, Indonesia bumped out China as the source of the most malicious traffic with 38% to 33%. The US is third with a measly 6.9%. Global average peak connection speed reached 18.9 Mbps. The fastest place on Earth is Hong Kong with an average 65.1 Mbps connection speed. Most interesting to some is that for the first time since 2008 Port 445, the Microsoft-DS file-sharing port, is no longer the favorite for attackers. HTTP Port 80 and SSL port 443 take that honor. Attacking via the Web is now more popular than Windows. We have truly moved into the cloud. Read more at cnet.com.
- According to the Financial Times, Amazon is working with HTC to build the mythical Amazon smartphone. The two are working a number of phones with one in an advanced stage of development. The Financial Times says the timetable for a release is not locked down, but an Amazon phone could be launched next year. Read more at reuters.com.
For insight, analysis, and discussion of these topics and more, check out Tech News Today for October 16, 2013.