Apple Music is ruining Spotify’s negotiations with record labels


Exclusives aren't slowing down Spotify.
Photo: Jim Merithew/Cult of Mac

Negotiations between music streaming service Spotify and all three major record labels have hit a snag lately and Apple Music is a big reason why.

Spotify’s licensing agreements with Sony, Universal Music Group and Warner Music Group have reportedly been on a rolling month-by-month basis for much of 2016, yet the companies haven’t been able to hammer out long-term deals yet because Spotify isn’t willing to share as much revenue as Apple Music.

Weak iPhone demand punishes Apple suppliers


The iPhone's camera is getting a big update.
Apple isn't the only one suffering due to weak iPhone sales.
Photo: Ste Smith/Cult of Mac

Weak demand for the iPhone is causing earnings to fall for a number of suppliers in Asia, and few of them are hopeful that the situation is going to change.

Foxconn, the biggest assembly partner for the iPhone, saw its profit fall 9.2 percent last quarter, while Pegatron’s nosedived a whopping 35.1 percent.