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Apple-backed startup fund loses $8.9 billion in 3 months

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International governments plan to rethink tax rules for the ‘digital age’
Apple invested $1 billion in the fund in 2017.
Photo: Pixabay/Pexels CC

A $100 billion SoftBank Vision Fund that Apple invested in has published a quarterly loss of $8.9 billion. The fund backs promising (or seemingly promising) startups.

SoftBank Group founder, chairman and CEO Masayoshi Son announced the disappointing returns today. “My investment judgment was poor,” Son said.

Amazon tests workout-tracking earbuds, but Apple’s could be better

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Amazon tests workout-tracking earbuds, but Apple’s could be better
Amazon is working on step-tracking tech for its wireless earbuds.
Photo: Amazon

Amazon is reportedly testing workout-tracking software for its Amazon Echo Buds. While this feature is seemingly still in its early testing phase, fitness-measuring earbuds could be a massive deal.

The good news? Apple is working on something very similar — and possibly even more advanced.

Tennessee police release surveillance tape of $9,000 Apple Store theft

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Tennessee police release surveillance tape of $9k Apple Store theft
The Apple CoolSprings Galleria store.
Photo: Apple

Police in Franklin, Tennessee, are looking for three snatch-and-grab suspects in an Apple Store theft. They stole 17 Apple Watches, worth $9,000.

Surveillance footage released by the police shows the trio walking into the Franklin store and grabbing the Apple Watches from the display table. They escaped unimpeded.

Apple and TikTok both absent from congressional hearing about tech in China

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Hong Kong police arrest smugglers with $1 million of iPhones and other devices
Tim Cook has said that China represents Apple's future biggest market.
Photo: Ed Hardy/Cult of Mac

Apple and Chinese music video app TikToks were the two holdouts at a U.S. congressional hearing Tuesday regarding the tech industry and China. Both were represented by empty seats.

Republican senator Josh Hawley slammed the two as “two sides of the same coin when it comes to data security.” TikTok represents the entry of Chinese tech platforms into the U.S., Hawley said. Meanwhile, Apple represents “the danger of American tech companies’ operations in China.”

Apple’s outside ad agency cuts 50 jobs

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TBWA/Media Arts Lab
Geoff Edwards (left) has already left after he was tapped to run marketing for Apple services in May.
Photo: TBWA/Media Arts Lab

The outside ad agency dedicated to Apple marketing was hit with a big round of layoffs this week.

Media Arts Lab cut about 50 employees across multiple divisions of the company. Owned by Apple’s longtime ad partner TBWA Worldwide, Media Arts Lab counts Apple as its only client. The Los Angeles based company helps Apple come up with advertisements for many of its popular products, but is facing changes as Apple’s needs evolve.

Xiaomi’s new phone packs an insane 108MP camera

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XiaomiCC9
The Xiaomi CC9 Pro packs six cameras total!
Photo: Xiaomi

Notorious Apple copycat Xiaomi is ready to up the ante on the iPhone 11 Pro Max with its newest phone that packs not three, not four, but five camera lenses on the back.

The CC9 Pro from Xiaomi isn’t the first smartphone to pack five lenses but it is the first Xiaomi phone to and it’s also armed with a 108MP sensor that churns out high resolution photos the latest iPhones can’t match (in size).

Here’s hoping first iOS 13.3 beta fixes that huge memory bug

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iPadOS 13.3 Developer beta
The first iPadOS 13.3 Developer beta is out, along with an iPhone version.
Photo: Ed Hardy/Cult of Mac

Apple has just begun beta testing the next updates for iPhone and iPad. It’s not known yet if iOS 13.3 and iPadOS 13.3 fix the serious memory management problem introduced in the previous version, introduced last week.

In addition, watchOS 6.1.1 also just entered beta testing.

Apple completely reimagines the iPhone case

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Apple proposed swinging iPhone case
This is the simplest way of configuring Apple’s highly innovative iPhone case concept.
Photo: Apple/Cult of Mac

Apple engineers dreamed up an iPhone case that’s also a stand and a handle. And maybe a keyboard. It’s surprisingly simple, but also a dramatic departure from typical cases.

And it’s possible the designers see this as more than an add on. They seem to be proposing that handsets and tablets have this case built in.

The first film Apple bought finally gets its first trailer

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Geraldine Viswanathan appears in Hala, chosen for the U.S. Dramatic Competition at the 2019 Sundance Film Festival.
Geraldine Viswanathan appears as the title character in Hala.
Photo: Parrish Lewis/Sundance Institute

Apple’s coming-of-age drama about a Pakistani American teenager will land on Apple TV+ and in theaters just in time for award season.

Hala, the first narrative feature film Apple bought, will premiere on the streaming service on December 6. That’s just two weeks after The Banker lands on Apple TV+. To hype up the release date, Apple published the first full-length trailer for Hala. The movie follows a girl who goes from picking up skateboarding to falling in love for the first time. Meanwhile, her Pakistani family starts unraveling.

These luxury bands are the ideal Apple Watch upgrade

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Clessant-2019-lineup
Clessant's newest luxury lineup.
Photo: Clessant

Don’t settle for the basic bands that ship as standard with your new Apple Watch. These leather straps from Clessant add a dash of luxury that will separate your new wearable from all the others.

Hand-crafted from the finest materials and available in a variety of styles, they’re smart, outrageously stylish, and unlike anything you’ll find in the Apple Store.

Florida man murdered for not unlocking his iPhone

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iOS 12 makes two-factor authentication easy.
A Florida man died for refusing to turn his passcode over to his attackers.
Graphic: Apple/Cult of Mac

An off-duty firefighter in Florida was shot to death after refusing to give robbers the passcode to his iPhone.

The killers had spared Chris Randazzo his life after robbing him of his iPhone and other belongings in Broward. The three men sped off in a car but quickly turned around to demand Randazoo provide the phone’s security code. They shot Randazzo when he refused, police said.

Xiaomi’s Apple Watch clone packs some impressive features for just $185

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Xiaomi's Apple Watch clone packs some impressive features for just $185
Look familiar?
Photo: Xiaomi

Xiaomi today showed off its new Mi Watch wearable — and, as predicted, it looks pretty much exactly like Apple Watch. Only it costs a whole lot less.

The device, which starts at $185, runs a skinned version of Google Wear OS. This is packaged into a form factor with the familiar rectangular display, digital crown and pill-shaped button of the Apple Watch.

Fortnite pro banned for life after public cheating

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Fortnite hand cannon
Epic won't tolerate Fortnite hacks.
Photo: Epic Games

Professional Fortnite player FaZe Jarvis has been permanently banned from the game for using hacks.

The 17-year-old uploaded videos of himself using an “aimbot.” Jarvis claims he cheated only to entertain fans, but Epic Games says it has a “zero tolerance policy” on cheat software.

The ban has reignited debates over Epic’s seemingly unfair and inconsistent punishment policy.

Sacré bleu! Mario Kart Tour will take players to Paris next

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Sacré bleu! Mario Kart Tour will take players to Paris next
Mario Kart Tour continues to roll out new courses.
Photo: Nintendo

Mario Kart Tour‘s world tour has so far taken players to New York, Tokyo and, err, Halloween. Now it’s headed to Paris, France for its next location.

Starting tomorrow, players logging into the game today should be able to access the Paris Tour course. In addition to landmarks like the Eiffel Tower, Arc de Triomphe, and more, the Paris tour adds new characters as well.

Chinese smartphone CEO who made his name dissing Apple declared a ‘deadbeat’

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Chinese smartphone CEO who made his name dissing Apple declared a 'deadbeat'
Smartisan CEO said that Apple lost its soul after Steve Jobs died.
Photo: Allogo Wang/Flickr CC

The founder of a Chinese smartphone company which has been a vocal critic of Apple has landed on China’s official list of deadbeats. This is a national database held by China’s Supreme Court which can be described as a credit blacklist.

Smartisan Technology CEO Luo Yonghao is barred from taking flights or high-speed train journeys. He can also no longer stay in luxury hotels, spend money in nightclubs, or buy property.

Apple TV+ blesses us with highest-quality 4K streams

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AppleTV+
How are Apple Originals looking on your TV?
Photo: Roku

If you’ve been enjoying Apple TV+ and wondering why your vision is suddenly better, it’s not that you’re getting younger. It’s that Apple’s new service streams the highest-quality 4K content yet.

That’s according to new tests that measure the bitrate of video streams. They reveal See has the highest bitrate so far, closely followed by The Elephant Queen.

Bernie Sanders has a big problem with Apple’s $2.5 billion housing crisis fund

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Bernie Sanders has a big problem with Apple's $2.5b housing crisis fund
Sanders thinks Apple helped create the problem it claims to be fighting.
Photo: CafePress

Democratic presidential candidate Bernie Sanders is less than impressed by Apple’s pledge of $2.5 billion to help support affordable housing in California.

Apple pledged the money Monday, saying it wants to be “part of the solution” when it comes to California’s sky-high housing prices. However, Sanders accuses Apple of “throwing pennies” at a crisis it “helped create.”

Apple TV is far more popular than you realize

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Apple TV HD on the Apple Store
Millions of people have purchased Apple TVs.
Screenshot: Apple

Apple TV owners, you are not alone. In fact, almost of a quarter of Apple’s US customers own one of its set-top boxes boxes, according to a new survey. They’re actually more widely used than Apple Watch or AirPods.

Adobe Illustrator joining Photoshop on iPad in 2020

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Adobe Illustrator for iPad
This early glimpse show what Adobe Illustrator for iPad will probably look like.
Photo: Adobe

Adobe plans to launch a version of Illustrator for Apple’s tablets next year. But this won‘t be a straight port — the user interface will be changed substantially to run on a touchscreen with a stylus.

The company also just introduced Photoshop for iPad (and revealed plans to launch Adobe Photoshop Camera, a camera app that adds lenses and filters).

Dropbox Transfer makes sharing huge files from your iPad a snap

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Dropbox Transfer
Dropbox Transfer simplifies sending and receiving up to 100GB of files.
Photo: Dropbox

iPhone and iPad can now take advantage of Dropbox Transfer, which allows users to more easily send and receive up to 100 GB of files.

It doesn’t have the size restrictions of email, and is simpler than Dropbox’s traditional system for sharing files.