Analyst Sees Apple’s New 5G iPhone Heading for Disappointment

Apple (NASDAQ:AAPL) is ready to debut its new 5G iPhone today, but one analyst thinks public reception to the newest model will be underwhelming.

Harsh Kumar, an analyst at Piper Sandler, says a survey of 1,000 people indicates only 10% of current iPhone owners say they will upgrade to the iPhone 12 after it debuts at today’s Apple event. according to a report by TheFly.com.

Apple iPhone cameras

Image source: Apple.

Kumar told investors in a note that previous surveys showed as many as 23% of iPhone owners had planned to upgrade to the newest iteration. So, he said, “We are a bit surprised by the lower than expected demand given the cellular transition, but the global pandemic may be putting pressure on spending patterns this fall/winter.” The new iPhone is expected to cost $1,200.

The low figure in the latest survey also is at odds with other surveys that have suggested

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IMF sees less severe global contraction but trouble in emerging markets

WASHINGTON (Reuters) – Forecasts for the global economy are “somewhat less dire” as rich nations and China have rebounded quicker than expected from coronavirus lockdowns, but the outlook for many emerging markets has worsened, the International Monetary Fund said on Tuesday.

FILE PHOTO: Gita Gopinath, Economic Counsellor and Director of the Research Department at the International Monetary Fund (IMF), speaks during a news conference in Santiago, Chile, July 23, 2019. REUTERS/Rodrigo Garrido/File Photo

The IMF forecast a 2020 global contraction of 4.4% in its latest World Economic Outlook, an improvement over a 5.2% contraction predicted in June, when pandemic-related business closures reached their peak.

The global economy will return to growth of 5.2% in 2021, the IMF said, but the rebound will be slightly weaker than forecast in June, partly due to the extreme difficulties for many emerging markets and a slowdown in the reopening of economies due to the

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Agbioscience startup using multisensor drone technology sees growth

IMAGE

IMAGE: Despite changes forced by the COVID-19 pandemic, a Purdue University-affiliated agbioscience startup focused on research-grade sensing data for agriculture is growing as it takes multisensor drone data collection technology to…
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Credit: Chris Adam/Purdue University

WEST LAFAYETTE, Ind. – Despite changes forced by the COVID-19 pandemic, a Purdue University-affiliated agbioscience startup focused on research-grade sensing data for agriculture is growing as it takes multisensor drone data collection technology to market.

GRYFN, which offers precise geomatics solutions for coaligned and repeatable multisensor drone data collection, is adding members to its team, growing its space, and looking to empower the future of agriculture research.

The startup partnered with Purdue and received a $2.25 million sub-award grant from the Advanced Research Projects Agency-Energy (ARPA-E), a division of the U.S. Department of Energy. Eight Purdue professors founded GRYFN with backgrounds in aeronautic technology, biology, plant sciences, agricultural and biological engineering, civil engineering,

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IMF sees less severe global contraction but worsening outlook for many emerging markets

WASHINGTON (Reuters) – The International Monetary Fund on Tuesday said forecasts for the global economy were “somewhat less dire” as wealthy countries and China rebounded more quickly than expected from coronavirus lockdowns but warned that the outlook was worsening for many emerging markets.

FILE PHOTO: Gita Gopinath, Economic Counsellor and Director of the Research Department at the International Monetary Fund (IMF), speaks during a news conference in Santiago, Chile, July 23, 2019. REUTERS/Rodrigo Garrido/File Photo

The IMF forecast a 2020 global contraction of 4.4% in its latest World Economic Outlook, an improvement over a 5.2% contraction predicted in June, when business closures reached their peak. It is still the worst economic crisis since the 1930s Great Depression, the Fund said.

The global economy will return to growth of 5.2% in 2021, the IMF said, but the rebound will be slightly weaker than forecast in June, partly due to the extreme

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New Bahrain-based $60 mln MENA VC fund sees post-COVID tech wave

DUBAI, Oct 11 (Reuters)A new Bahrain-based $60 million venture capital fund aims to invest in 120 early-stage start-ups across Arabic-speaking MENA countries, banking on the regional growth of tech and tech-enabled business in the post-coronavirus world.

Plus Venture Capital (+VC) aims to close fundraising before the end of the year, which is expected to come from mostly regional institutional investors and family offices.

“We think that future growth in the region will be coming from tech-enabled business; for GDP and for job creation. We saw it happen in the last two recessions,” Plus Venture Capital co-founder Sharif El-Badawi said.

They will make seed stage and series A investments.

As part of efforts to tackle its deficit and diversify the economy, Bahrain has been trying to re-establish itself as a regional finance centre after losing ground to Dubai, and has been marketing itself as a financial technology and start-up

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ACCC code sees Google pause Australian rollout of News Showcase

Google has paused the Australian rollout of News Showcase, which is a news-based service pitched by the company as benefiting both publishers and readers.

News Showcase was only announced earlier this month, and when it was initially launched in Germany and Brazil, CEO Sundar Pichai explained the platform was aimed at paying publishers to “create and curate high-quality content for a different kind of online news experience”.

Although Google said it signed several agreements with Australian publishers for News Showcase in June, it has decided to pause its Australian plans as it is not sure if the product would be viable under the impending media bargaining code of practice published by the Australian Competition and Consumer Commission (ACCC).

Google has held firm that it is against the News Media Bargaining Code, saying previously it would force the tech giant to provide users with a “dramatically worse Google Search and YouTube”,

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New Bahrain-based $60 million MENA VC fund sees post-COVID tech wave

DUBAI (Reuters) – A new Bahrain-based $60 million venture capital fund aims to invest in 120 early-stage start-ups across Arabic-speaking MENA countries, banking on the regional growth of tech and tech-enabled business in the post-coronavirus world.

Plus Venture Capital (+VC) aims to close fundraising before the end of the year, which is expected to come from mostly regional institutional investors and family offices.

“We think that future growth in the region will be coming from tech-enabled business; for GDP and for job creation. We saw it happen in the last two recessions,” Plus Venture Capital co-founder Sharif El-Badawi said.

They will make seed stage and series A investments.

As part of efforts to tackle its deficit and diversify the economy, Bahrain has been trying to re-establish itself as a regional finance centre after losing ground to Dubai, and has been marketing itself as a financial technology and start-up hub for

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‘Follow the science!’ crowd sees mark of evil in a fly’s debate moment

It makes sense that the people who claim to “believe in” science as though it were a religion are a superstitious bunch after all.



a man standing in a dark room


© Provided by Washington Examiner


On Wednesday, during the vice-presidential debate, a fly landed on Vice President Mike Pence’s head. It stayed there atop his short white locks for about two minutes. The moment was humorous.

But for those who support the “follow the science” candidate, the fly was much more than a regrettable moment for Pence. It was an omen — something revealing a grave evil. Some in the news and politics business are reading into the debate fly the way ancient the Greeks read into animal entrails.

“I don’t think it’s ever a good sign when a fly lands on your head for two minutes,” failed GOP consultant and pro-Joe Biden activist Steve Schmidt said on MSNBC. “You know that’s a sign all

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Zoom Video Rises as Mizuho Sees ‘Best of Breed’ Tool

Shares of Zoom Video Communications  (ZM) – Get Report rose after Mizuho analysts initiated coverage of the videoconferencing company with a buy rating and a price target of $550 a share. 

The target represents 15% potential upside from the stock’s Thursday closing price. Zoom shares at last check rose 2% to $487.92. 

“Zoom’s meteoric rise during covid-19 has been driven by uptake of its best-of-breed videoconferencing tool, which became a global sensation almost overnight,” analyst Siti Panigrahi said.  

Year to date Zoom shares have jumped by more than a factor of seven as the work-from-home trend that had begun prior to this year accelerated because of the coronavirus pandemic and the subsequent lockdowns.

Zoom “can continue to deliver outsized revenue growth due to its position as a market leader, its global recognition, cross-sell opportunities, and its position in a growing and underpenetrated long-tail market,” the analyst wrote. 

With

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Moon’s magnetic crust research sees scientists debunk long-held theory — ScienceDaily

New international research into the Moon provides scientists with insights as to how and why its crust is magnetised, essentially ‘debunking’ one of the previous longstanding theories.

Australian researcher and study co-author Dr Katarina Miljkovic, from the Curtin Space Science and Technology Centre, located within the School of Earth and Planetary Sciences at Curtin University, explained how the new research, published by Science Advances, expands on decades of work by other scientists.

“There are two long term hypotheses associated with why the Moon’s crust might be magnetic: One is that the magnetisation is the result of an ancient dynamo in the lunar core, and the other is that it’s the result of an amplification of the interplanetary magnetic field, created by meteoroid impacts,” Dr Miljkovic said.

“Our research is a deep numerical study that challenges that second theory — the impact-related magnetisation — and it essentially ‘debunks’ it. We

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