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By Tyler Durden

In what, if confirmed, would be a major move for Apple’s product development cycle, overnight Japan’s Nikkei reported that Apple is moving from its existing “innovation cycle” with a major iPhone refresh every two years to a three-year cycle. To wit:

Apple will likely take three years between full-model changes of its iPhone devices, a year longer than the current cycle. In a typical two-year term, fall 2016 was supposed to see a major upgrade. But the changes on the model to be launched this autumn will be minor, such as improved camera quality.

According to Nikkei the move is prompted by two factors, and is “largely due to smartphone functions having little room left for major enhancements. A slowing market is another factor.“

In other words, Apple admits it may be nearing “peak technology” and more troubling, “peak demand.”

As it has done before, the Nikkei references the impact on the Japanese supply-chain. It also notes that the iPhone 7 “will look almost identical to the current iPhone 6 and offer relatively minor new features is consistent with other reports.”

The new version slated for this autumn will look almost identical to the current iPhone 6. Functions such as the camera, water resistance and battery capacity will likely be improved, and the headphone jack will be removed. Also, a high-end version of the model will give users better-quality photo capabilities via correction functions.

According to 9to5Mac, these include a KGI report last month stating that the design would be largely unchanged and that it would not have “many attractive selling points.”

As the Mac blog adds, “the claim will likely hurt AAPL stock, which has rebounded in recent weeks with help from a big investment from Warren Buffet’s Berkshire Hathaway.”

Bloomberg adds as much, noting that Dialog and AMS already fell on the report of an extended product cycle, and adds that in US trading, Apple and Apple suppliers may move on the report. AAPL was down 0.5% pre-market, Dialog Semiconductor down as much as 4.9% in European trading. Among the suppliers who may be impacted are Cirrus Logic, Qorvo, Skyworks, Broadcom, NXP Semiconductors, Knowles, Analog Devices

As for the new iPhone, 9to5 Mac adds that according to various claimed sketches, renders and photos seen, the iPhone 7 will be very similar in appearance to the iPhone 6 and 6s – right down to identical dimensions – followed by an all-glass phone for the iPhone 8.

Most troubling is the Nikkei suggestion that Apple is not expecting iPhone sales to return to growth until next year.

…read more

Source: Apple Back Under $100 On News It Will Extend iPhone Lifecycle To 3 Years, Cites Slowing Demand

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China’s huge state-owned banks are losing their appeal as the most desirable places to work for Chinese business students, according to a new survey. …read more

Source: This is the new dream job for Chinese business students

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By Sprott Money

Higher Wages For The Workers Help EVERYONE

Written by Jeff Nielson (CLICK FOR ORIGINAL)

Much of what is known as “economic theory” is gibberish. It is propaganda, implanted into the minds of academics for one reason: to preserve the status quo of always favoring the (very) wealthy over all other members of the population. The facets of economic doctrine which are valid, are valid because they do little more than express principles of simple arithmetic and common sense.

“Supply and demand” is just simple arithmetic and common sense. If supply exceeds demand (i.e. there is a surplus), the price falls. This depresses supply and stimulates demand, until equilibrium is restored. If demand exceeds supply (i.e. there is a deficit), the price rises. This stimulates supply and depresses demand, until equilibrium is restored.

Similarly, the principle of economics known as the Marginal Propensity to Consume, is nothing more than an expression of simple arithmetic and common sense. Put a dollar into the hands of a poor person, and that person will spend the entire dollar, providing maximum stimulus to the economy. That’s not a “theory.” It is an elementary fact.

Put a dollar into the hands of a middle class person (the few who remain), and that person will spend most of the dollar, and save a small portion of it. Again, this is not a “theory.” It is an elementary fact. Put a dollar into the hands of a wealthy person, and that person will hoard the vast majority of that dollar. The wealthier the person, the greater the percentage that is hoarded.

Thus economic theory tells us that the more-equitably that wealth is distributed in any economy (and society) the stronger and more prosperous that economy will become. The last century of empirical evidence shows us precisely the same thing. In the 1960’s; wealth was distributed in our societies more equitably than at any other time in our history. In the 1960’s, our economies were more prosperous than at any other time in our history.

Today, wealth is distributed less equitably than at any time in our history, i.e. the oligarchs at the very top, are hoarding a greater percentage of wealth than at any time in our history. Our economies are bankrupt. (Real) unemployment is at record levels. The middle class has almost been wiped out, and individually, we are drowning in more debt than at any other time. And this is how things look as the Next Crash looms before us.

When was the only other time in history when our economies were in almost this horrific a condition? During the Great Depression. The Great Depression is the only other time in our history when wealth was concentrated almost as extremely and inequitably as it is today.

<br …read more

Source: Higher Wages For The Workers Help EVERYONE

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Katie Couric says she regrets a “misleading” portion of “Under the Gun,” a new documentary that she produced and narrated. …read more

Source: Couric regrets ‘misleading’ part of gun violence doc

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By Tyler Durden

Vowing to intensify their action to overturn an unpopular labor law, striking French union workers have already left hundreds of thousands of tourists stranded, gas stations empty, and nuclear power plants stretched. However, as low-skilled American workers fall foul of minimum wage blowback, the French parliament – despite Prime Minister Valls insistence that “France must show that it’s capable of reforming” – just passed new legislation making it illegal for your employer to send you an email outside of work hours.

As Valuewalk's Brendan Byrne reports, we’ve all been there, you’re heading to bed and see an email from your boss asking you for something, and have you noticed how it’s always urgent. You either do it, or pretend you didn’t see the email (not guilty), but either way your night has been ruined. You lie there thinking about it and how to deal with the situation. People are finding it more and more difficult to get away from digital connectivity, and we are seeing the rapid rise of mindfulness'.

Well this late night email situation can no longer happen with our French friends. Known for imposing the 37 hour week, truck drivers going on strike over literally anything, and general hard work, the French certainly are leading the charge for the much vaunted work life balance.

It has been termed ‘the right to disconnect‘, and was first tabled back in 2014. Benoit Hamon of the French National Assembly told the BBC earlier in May, “All the studies show there is far more work-related stress today than there used to be, and that the stress is constant. Employees physically leave the office, but they do not leave their work. They remain attached by a kind of electronic leash— like a dog. The texts, the messages, the emails — they colonize the life of the individual to the point where he or she eventually breaks down.”

Unfortunately for some, it is not a catchall law. There is a caveat, if the company has less than 50 employees, the new law does not apply.

One question the new law raises, is what about international firms with French employees. Can a US firm send an afternoon email to employees that will arrive after work hours for Jean-Louis, who is enjoying some cheese and fine wine in his local Parisian cafe?

The question remains how some of the world’s largest tech companies with offices in Paris but headquarters in California, such as Google and Facebook, will react to the news. The time difference between France and California is nine hours, which means all email from California will have to occur no later than 9am PST.

There is an increased awareness that our addiction to smartphones is affecting lives. South Korea, were the average person spends over four hours looking at phones and tablets per day, has introduced a ‘space-out’ competition were people sit in silence without looking for any digital stimulation.

The producitvity-sapping farce is completed as this legislation is ironically passed as …read more

Source: Only In France…"The Right To Disconnect"

    

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