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Marketing Week

Apple, Facebook, Disney: Everything that matters this morning

By April 28, 2019No Comments

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Samaritans works with Facebook and Google to reduce online harm

Suicide prevention charity Samaritans is working with tech giants including Facebook, Google and Snapchat to help limit the impact of harmful online content as part of a new government-backed campaign.

The initiative comes as the government looks to crack down on social media companies showing harmful content such as terrorism, child abuse, self-harm and suicide, which is becoming a growing concern.

The government has said it will create an independent watchdog and legislate for a statutory duty of care from social media firms, but this could take months or even years, so ministers are keen to find ways to change the behaviour of tech giants in the meantime and make platforms safer for users.

Health secretary Matt Hancock is due to outline plans for the new scheme at a roundtable later today.

READ MORE: Samaritans set to work with Facebook and Google on limiting online harm

Apple expected to report further iPhone sales drop

Apple’s latest quarterly results are expected to show a continuation of the slump to iPhone sales first reported in January, despite its share price rising.

Wall Street is expecting iPhone revenues to be 17% lower than the same period last year, when it reports its latest quarterly figures on Tuesday. This is worse than the 14% drop recorded in the previous quarter.

This decline is expected to lead to a 5% fall in Apple’s overall revenue to $57.4bn – the same decrease as last quarter – very different to the 16% growth of its past fiscal year.

The rise to Apple’s shares reflects growing confidence on Wall Street that January’s iPhone slump and profit warning was a one-off blip rather than the beginning of a sustained decline. Shares in the tech giant have added about $300bn since the shock last quarter, meaning it got within 1% of the $1trn threshold it first crossed last summer.

READ MORE: What to expect when Apple reports earnings this week

Avengers: Endgame breaks box office records with $1.2bn debut

Disney has smashed box office records with Avengers: Endgame taking $1.2bn in global ticket sales during its opening run.

It beats last year’s Avengers: Infinity War, which set the record at $640m, and becomes the fastest film to break the $1bn threshold, doing so in just five days.

Walt Disney studios chairman Alan Horn describes the film as a “monumental success”.

The movie is the 22nd in the Marvel Studios superhero franchise, which began in 2008 with Iron Man.

Horn adds: “Though Endgame is far from an end for the Marvel Cinematic Universe, these first 22 films constitute a sprawling achievement, and this weekend’s monumental success is a testament to the world they’ve envisioned, the talent involved, and their collective passion, matched by the irrepressible enthusiasm of fans around the world.”

READ MORE: Avengers: Endgame beats box office records with $1.2bn debut

Jaguar Land Rover to reward drivers who share data with cryptocurrency

Jaguar

Jaguar Land Rover is developing “smart wallet” technology that will allow it to reward drivers that share data with the IOTA cryptocurrency.

The auto manufacturer plans to install the software in its cars, which will automatically report useful data, including traffic congestion and dangerous driving conditions such as pot holes, to navigation providers or local authorities in return for IOTA coins.

These coins can then be used to pay for tolls, parking or charging electric cars.

The technology is being tested at Jaguar Land Rover’s software engineering base in Shannon, Ireland. So far, vehicles including the Jaguar F-PACE and the Range Rover Velar have been fitted with smart wallet features.

READ MORE: Jaguar Land Rover planning to allow helpful car drivers to earn cryptocurrency

Uber seeks $91.5bn valuation making it the second biggest in US tech history

Uber is seeking a valuation of up to $91.5bn, making it this year’s largest IPO and putting it on track to become Silicon Valley’s second-largest IPO ever behind Facebook.

However, the valuation is lower than previously hoped for. The ride-hailing app is pitching shares to investors at between $44 and $50, meaning the initial valuation could be $80.5bn at the lower end.

Uber had suggested to some investors last month that the price range would be $48 to $55, which would have valued it at up to $100bn. It is also lower than the $120bn suggested by investment banks last year.

If it achieves the top end of the range, Uber stands to raise as much as $9bn itself from the IPO, while existing investors such as SoftBank, Benchmark and co-founders Travis Kalanick and Garett Camp could also sell up to $1.4bn worth of stock.

READ MORE: Uber seeks $91.5bn valuation in this year’s largest IPO

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