Tech
tech
Rani Molla
3/10/25

Why Apple just released so many different products

It’s been a strange winter for Apple, which has released a flurry of products during what’s normally a pretty quiet time for the iPhone maker. In the last few weeks, Apple announced a new, cheaper AI phone, new iPads, and upgraded Macs — everything but the kitchen... smart-home hub (which has been delayed thanks to hiccups with its upgraded Siri). Normally such announcements would have been staggered across the first half of the year. What’s the rush?

Bloomberg’s Mark Gurman explains how Apple, amid struggling iPhone sales, is trying to juice revenue and focus on the future:

  • It’s leaning into strong Mac and iPad sales, which grew more than 15% last quarter. “The latest models are minor updates, but they let the company kick off a new marketing cycle and get at least some consumers to upgrade,” Gurman wrote.

  • Apple is hoping its new, affordable iPhone 16e — which is $170 more than than its last affordable model, the SE — will raise revenue from people who would have upgraded anyway.

  • The company is getting a jump on the lucrative back-to-school season with the new MacBook Air and iPad.

  • With the release of newer chips like the M4 and with the M5 coming this fall, Apple is trying to clear out devices that have older chips like the M3.

  • Clearing out its product cycle lets Apple focus on its very important developer conference in June, where it will have to “convince developers, fans and investors that the company is heading in the right direction.” One problem: Apple just delayed Siri features it promised at the last developer conference.

Bloomberg’s Mark Gurman explains how Apple, amid struggling iPhone sales, is trying to juice revenue and focus on the future:

  • It’s leaning into strong Mac and iPad sales, which grew more than 15% last quarter. “The latest models are minor updates, but they let the company kick off a new marketing cycle and get at least some consumers to upgrade,” Gurman wrote.

  • Apple is hoping its new, affordable iPhone 16e — which is $170 more than than its last affordable model, the SE — will raise revenue from people who would have upgraded anyway.

  • The company is getting a jump on the lucrative back-to-school season with the new MacBook Air and iPad.

  • With the release of newer chips like the M4 and with the M5 coming this fall, Apple is trying to clear out devices that have older chips like the M3.

  • Clearing out its product cycle lets Apple focus on its very important developer conference in June, where it will have to “convince developers, fans and investors that the company is heading in the right direction.” One problem: Apple just delayed Siri features it promised at the last developer conference.

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Nebius soars after signing a 5-year deal with Microsoft to supply nearly $20 billion worth of AI computing power

Artificial intelligence infrastructure group Nebius jumped more than 50% in early trading on Tuesday after the company announced after the close on Monday a major deal to supply computing power for Microsoft’s AI operations.

Under the agreement, Nebius — which rose from the ashes of Russian tech giant Yandex — will provide Microsoft “access to dedicated GPU infrastructure capacity in tranches at its new data center in Vineland, New Jersey over a five-year term.” The New Jersey data center has a capacity of 300 megawatts. The total contract value through 2031 is $17.4 billion, though, if further capacity is required, the contract value could rise to $19.4 billion.

The deal represents a sizable portion of Microsofts proposed annual capital expenditure on AI, which is expected to reach $120 billion by the end of fiscal 2026.

Nebius and competitor CoreWeave are both on the short list of startups that Nvidia has invested in. Nvidia’s small stake in the former is now worth about $120 million.

Under the agreement, Nebius — which rose from the ashes of Russian tech giant Yandex — will provide Microsoft “access to dedicated GPU infrastructure capacity in tranches at its new data center in Vineland, New Jersey over a five-year term.” The New Jersey data center has a capacity of 300 megawatts. The total contract value through 2031 is $17.4 billion, though, if further capacity is required, the contract value could rise to $19.4 billion.

The deal represents a sizable portion of Microsofts proposed annual capital expenditure on AI, which is expected to reach $120 billion by the end of fiscal 2026.

Nebius and competitor CoreWeave are both on the short list of startups that Nvidia has invested in. Nvidia’s small stake in the former is now worth about $120 million.

President Trump hosts tech executives and their guests to a dinner at the White House in the Oval Office.

Here are the Trump ties among the tech leaders who had dinner at the White House

Many of the attendees have donated to, vocally supported, or even worked for the president.

tech

Tesla’s EV market share declined to 38% in August

In August, Tesla’s share of the US EV market fell to 38%, according to new data from Cox Automotive reported by Reuters. Tesla’s market share fell below 50% for the first time last year, as competitors’ EVs began hitting the market. Now, as Tesla’s own sales slip more drastically than they had last year, it’s giving up even more ground. Tesla’s market share fell from 48.7% in June to 42% in July to 38% in August, according to Reuters. That slide has come even as buyers rushing to take advantage of the federal tax credit that ends this month provide a near-term boon for sales at Tesla and other EV makers.

$115B

OpenAI now expects to burn around $115 billion through 2029 — a full $80 billion higher than the company had previously estimated, The Information reports.

Just how much is that? It’s roughly equivalent to:

Fortunately for OpenAI, which is raising money at a $500 billion valuation, its revenue is also growing faster than expected. The ChatGPT maker now expects to make $13 billion in revenue this year and $200 billion in 2030.

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