Apple Unveils Next Generation of iPhones; One is Huge
Apple has apparently decided that bigger is indeed better. The tech giant introduced new phones this week, including one with a 6.5-inch wide screen - which is slightly larger than the screen on the Galaxy Note 9.
"Apple has announced its next generation of iPhones, and one of them is by far the biggest iPhone yet. The two new models are called the iPhone XS and iPhone XS Max," writes Jacob Kastrenakes in The Verge. "In addition to the iPhone XS and XS Max, Apple also announced a lower-cost model that splits the difference in size, called the iPhone XR."
Many consumers like the wider screens and don't mind carrying a larger phone with them. Apple has also improved the quality of the cameras in the newest phones, upgrading them with something called "Smart HDR," which produced higher quality images.
Investors Worry if Tech Stock Rally is Losing Steam
It might have been a coincidence, but the announcement of Apple's new phones seems to have had a depressing effect on tech stocks. FAANG (Facebook, Apple, Amazon, Netflix and Google) stocks have fallen, leading some analysts to wonder if the bull market for tech stocks has run its course.
It's too early to tell whether this week's activity was a blip or a harbinger of things to come, but it looks like some kind of correction is looming.
That said, worldwide demand for technology products and services continues rising steadily, driven by a growing population with cash to spend and a love for gadgets. That macro trend shows no signs of slowing down for the foreseeable future, which means that even if tech stocks sink for a couple of weeks, they will surely rise again.
Startup Launches 'Flying Battery" Drone
Impossible Aerospace, a startup from Sunnyvale, CA, has designed a battery-powered drone that can fly for two hours without recharging. That's about four times longer than other battery-powered drones.
"The company used a 'battery-first approach' when creating the drone, meaning it's packed with batteries throughout the body," writes Abrar Al-Heeti in CNET.
Impossible Aerospace recently received $9.4 million in Series A funding, an indication that investors are taking the future of drones seriously. Their optimism is based on observable reality: Drones are quickly becoming essential to law enforcement, firefighting and emergency response departments all over the world.